Currencies of most Major Economies

Governments have created money on such a scale that the currencies of most major economies are inherently untrustworthy. Moreover, governments from the U.S. to Europe to Japan have vowed to fight further threats to their economies with quantitative easing, i.e the creation of more money. No wonder then, that gold, an asset who is not backed by someone’s promise but is tangible, universally recognized, mobile and liquid, is highly sought after by a concerned public. There are other reasons for gold to hold its value or move even higher. Central banks (particularly those with high foreign exchange reserves, like China or Brazil) are net buyers of gold, the mining supply of gold is shrinking, and there are hundreds of millions of emerging markets consumers who are joining the ranks of potential buyers.