According to www.24hgold.com in the last 52 weeks (April 25th, 2010 - 2011), gold has risen 32.67%. A nice return for an American investors, however, for a Swiss investor this is not quite true. Gold has risen a mere 8.84% indicating a 23.83% loss of value from the USD.
As you can see from the table below is a combination between a rush and a hold up!
Gold Price Change April 25th 2010 - 2011 in local currency | |||||
CHF | AUD | JPY | GBP | CAD | |
Gold Rush | 8.84% | 14.68% | 15.76% | 23.52% | 26.30% |
USD Hold Up | 23.83% | 17.99% | 16.91% | 9.15% | 6.37% |