When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
AAAU - Since Inception The Euro Has Devalued By 85% Against Gold
Goldman Sachs Physical Gold ETF
On April 23, 2020, the gold price breached €51,000 euros per Kg for the first time in history. The gold price in euros has increased by 555% since the euro was created in 1999. Put differently, since inception, the euro lost 85% of its value against gold.
Technically, the euro was launched on January 1, 1999, although euro notes and coins started circulating in January of 2002. The first gold price recorded in 1999 was €7,879 euros per Kg - or €7.88 euros per gram (we'll use euros per gram as the gold price in