Todays “Chart of the Day” from the Economist makes an attempt to show that gold isn’t doing any better when comes to preserve buying power than currency such as the Swiss frang and the Japanese yen. Roy Sebag, co-founder of BitGold and CEO of GoldMoney, took the liberty to point out the obvious (and many) flaws in their chart (see his comments to the left):
He then then went on to show how the real chart looks like. While the Swiss frang and the Japanese yen preserved value better than the USD, both currencies are still down 87% and 90% vs gold, respectively.
via Zero Hedge http://ift.tt/20VZ3pd Gold Money