IKN

Take physic, pomp

I was musing over at the Kitco.com site just now and the pretty colours on display caught my eye. Here’s the site’s always-useful list of currencies versus gold found close to the foot of the page.

Currency Chg%
X=1$USD
NY Time X=
1$USD
X$USD
=1
Gold
Price/oz
Gold
Chg
Gold
Chg%
US Dollar 09/08-12:55 997.70 +3.30 up/down +0.33%
Australian Dollar +0.94% 09/08-12:51 1.1576 0.8639 1154.89 -7.12 updown -0.61%
Brazilian Real +1.08% 09/08-12:54 1.8207 0.5492 1816.51 -13.68 updown -0.75%
British Pound +1.16% 09/08-12:53 0.6048 1.6536 603.36 -5.06 updown -0.83%
Canadian Dollar +0.31% 09/08-12:55 1.0752 0.9301 1072.68 +0.27 updown +0.02%
Chinese Yuan +0.02% 09/08-05:33 6.8232 0.1466 6807.51 +21.22 updown +0.31%
Euro +1.43% 09/08-12:54 0.6881 1.4534 686.47 -7.67 updown -1.11%
Hong Kong Dollar +0.12% 09/08-12:48 7.7458 0.1291 7727.98 +16.61 updown +0.22%
Indian Rupee +0.35% 09/08-12:45 48.4150 0.0207 48303.65 -9.28 updown -0.02%
Japanese Yen +1.00% 09/08-12:54 92.1300 0.0109 91918.10 -620.76 updown -0.67%
Mexican Pesos +0.46% 09/08-12:54 13.2935 0.0752 13262.92 -17.29 updown -0.13%
Russian Ruble +0.90% 09/08-12:51 31.2082 0.0320 31136.42 -178.23 updown -0.57%
S.African Rand +0.82% 09/08-12:54 7.5181 0.1330 7500.76 -36.79 updown -0.49%
Swiss Franc +1.49% 09/08-12:54 1.0441 0.9578 1041.70 -12.22 updown -1.16%
So today, the much-awaited bannerday of U$1,000/oz Au, spot gold is up versus the US Dollar, the Yuan and the HKD (natch, both pegged) and the loonie (by a hair’s breadth). Against all other major currencies it’s down. Something that shouldn’t be a surprise to those who have realized all along this is a dollar game and much less to do with the thing priced up in dollars (gold or many other objects), but it is a nice, topical example and an easy to note moment of the phenomenon.

UPDATE: Since pasting the above out, gold has gone negative in loonies, too. Just sayin’

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