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June
22
2020

History of world currencies vs gold
Olivier Crottaz

From 1900 to the end of 2019, all currencies lost their value relative to gold.

The British Pound lost 99.63% and the US dollar 98.64%. Even worse, for the Japanese Yen and the French Franc.

The German currency lost its value completely twice and is about to go for a third time !

The German Mark called the Goldmark (backed by gold) was introduced in 1873. With the outbreak of World War I, the Mark was taken off the gold standard and became the Papiermark and briefly the Rentenmark in 1923.

The German currency lost all of its value.

From 1924, a new currency appeared, the Reichsmark. The German currency also lost all of its value and disappeared in 1945.

In 1948, a new currency appeared, the Deutsche Mark. In 1999, this currency became the Euro (at a rate of 1.95583 DM for one €). The German currency will probably lose all of its value for the third time. So far, it has lost 94.9% of its value relative to gold.

What about the Swiss Franc, the strongest currency in the world? 

The mighty Swiss Franc has lost 92.69% of its value relative to gold during the period 1900-2019.

So, gold, the “barbarous relic” has proven to be really useful to keep the purchasing power over the years.

Founded in 2007 in Lausanne, 5th City of Switzerland, Crottaz Finance is located in the middle of a discrete, efficient and renowned financial place.

A large number of private banks, international federations, as well stock-market listed companies manage their worldwide operations from this city.

Crottaz-Finance acts as an independant and autonomus company with a close partnership with local financial actors.

We guarantee an objective, transparent and ethical advice as well as we follow your portfolio in a mind of continuity.

Our vast network of partners allows us to quickly find the specialist you need.

Crottaz-Finance complies with all Swiss banking regulations, in particular The Swiss Anti Money Laundering ACT (AMLA, see LBA)

Crottaz-Finance is supervised by an autoregulation organisation (OAR) and under its control, follows a strict code of conduct, applies its directives and regularely auditex.

  

www.crottaz-finance.ch