Gold Rush or Dollar Hold Up

Much has been said about the current gold rush. Unlike the one in California, 21st century 49ers can be found in any corner of the world.

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%