
But some people argue that point gold failed to protect assets during the crisis, but the fact is.
Gold prices did not rise in the U.S. dollar-because the U.S. did not experience a crisis. After all,gold prices in Japanese Yen increased 34% between 1995 and the subsequent 1996.Gold prices jumped more than 40% of the Philippine Peso and the Malaysian Ringgit, and up 67% in Korean Won. Indonesia suffered the worst during the crisis of Southeast Asia where the price of gold rose to 400% in dollar
Further currency crises will continue to occur under the dominance of the dollar as the world's major currencies. Gold will once again play its role as a hedge and protection of capital. The question is whether you choose to have it or not.
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