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Jan Nieuwenhuijs: Since its inception the euro has devalued 85% against gold
By Jan Nieuwenhuijs
Voima Gold, Helsinki, Finland
Friday, April 24, 2020
On April 23 the gold price breached E51,000 euros per kilogram for the first time.The gold price in euros has increased by 555 percent since the euro was created in 1999.
Put differently, since inception the euro has lost 85 percent of its value against gold.
... Dispatch continues below ...
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Technically, the euro was launched on January 1, 1999, although euro notes and coins started circulating in January 2002. The first gold price recorded in 1999 was E7,879 euros per kilogram or E7.88 euros per gram. (We'll use euros per gram as the gold price in the remainder of this article.)
Now the gold price has crossed E51 euros per gram -- a new all-time high. ...
... For the remainder of the analysis:
https://www.voimagold.com/insight/since-inception-the-euro-has-devalued-...
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