You’ll Never Guess Which Currency Was The Strongest In 2014 Next To The US Dollar

Gold Performance 2014

US Global Investors released the results of the strongest currencies around the world in 2014. The report brought some expected and not-so-expected results. To no one’s shock, the US Dollar was the strongest-performing currency of them all. However, the one that came in second was a real surprise.

Was the runner-up one of the commodity-based currencies such as the Australian or Canadian dollars? Nope. The Aussie dollar ended the year as the 9th strongest currency and the Loonie finished in 8th.

Was it the Chinese renminbi? Not quite – it closed the year in 4th place.

Was it the Indian Rupee? It was definitely in the running, just behind the runner-up in 3rd position.

So which currency was the next strongest behind the US greenback?

It’s been around for thousands of years… the currency that Wall Street, investment banks and central banks love to hate… the “barbarous relic” that doesn’t pay dividends or interest… Gold.

Although the nominal price of gold hasn’t done much over the past few years, these results are more evidence that fiat paper assets continue to decline – while physical gold is still a good hedge against inflation and a store of wealth.

  • Sue4477

    Gold is the best way you can protect your money from decreasing value of dollars and other currencies, which will probably happen in the near future, and from inflation. As inflation goes up, gold goes up in value. Inflation is predicted by many in the field, some saying it will be far too high after a while for people to buy even ordinary things. I’m talking physical gold in your possession. Gold stocks are iffy. The real thing is what central banks of many countries are buying up for many years now as the signs of currencies’ downfall are more evident. Worst case scenario: Interest rates go into the negative figures, as recently seen in Europe by a small amount. Then gold is not too good to be holding.

  • Kaspar_Goering

    I have often wondered how could gold “help” if society were to collapse? Because where will the gold window be? The worth of gold is established by the market. So if there were no markets, then who is to determine what gold would be worth?

    Then I learned something that the “survivalists” are planning to do with their gold. The gold is to be used after the collapse when everybody will be working on building a new society.

    So now, if you are going to invest in gold because you think society is going to collapse, then you need to invest in an equal or greater amount of Lead to insure that you will be able to participate in the “New World.”

    Just remember all of those gold salesmen want to be payed in DOLLARS at the end of the week.