Dollar Demise Refuted With 13% Gain Since 2008 – as compared to what? Other currencies? Or as compared to gold, oil or other commodities?
The Year U.S. Debt Beat Gold, shows 10-year treasury notes with 16.7% gain. But this is unfair since the face value of these notes is 1.91% at year end. That is you can only get 16.7% if you are trader in these notes. Holders of US debt notes vs. holders of gold is a different story. If you held gold over 2011, you outperformed treasuries. Gold ended the year at $1,566.40 vs. $1421 at the end of last year. That’s a 10% gain which is better than U.S. debt.