Welcome back to the Worldwide Fiat Currency Race to Debase!
Commodities / Gold and Silver 2011 Apr 06, 2011 - 05:40 AM GMTBy: GoldSilver
Take a moment to examine how gold and silver have performed against their fiat currency competition in the first quarter of 2011.
Silver has continued running hot, over the past three months silver has enjoyed a 20.3% appreciation against 75 fiat paper currencies around the globe!
The largest paper currency losers to silver money were the Sudanese pound (-36.3%) and the Vietnamese dong (-30.6%).
| Fiat Currency vs. 1 Silver Ounce | 1-Jan-10 | 31-Mar-11 | % Silver Q1 2011 |
| Afghanistan Afghanis | 1,329.80 | 1,621.59 | 21.9% |
| Albania Leke | 3,238.49 | 3,731.91 | 15.2% |
| Algeria Dinars | 2,273.25 | 2,731.86 | 20.2% |
| Argentina Pesos | 122.67 | 152.53 | 24.3% |
| Australia Dollars | 30.21 | 36.40 | 20.5% |
| Bahamas Dollars | 30.91 | 37.68 | 21.9% |
| Bahrain Dinars | 11.65 | 14.21 | 21.9% |
| Bangladesh Taka | 2,178.98 | 2,731.86 | 25.4% |
| Barbados Dollars | 61.82 | 75.36 | 21.9% |
| Bermuda Dollars | 30.91 | 37.68 | 21.9% |
| Brazil Reais | 51.29 | 61.28 | 19.5% |
| Bulgaria Leva | 45.24 | 51.95 | 14.8% |
| CFA BEAC Francs | 15,140.58 | 17,423.01 | 15.1% |
| Canada Dollars | 30.84 | 36.61 | 18.7% |
| Chile Pesos | 14,456.98 | 18,132.01 | 25.4% |
| China Yuan Renminbi | 203.71 | 246.58 | 21.0% |
| Colombia Pesos | 59,187.86 | 70,621.37 | 19.3% |
| Comptoirs Français Francs | 2,754.37 | 3,169.60 | 15.1% |
| Fiat Currency vs. 1 Silver Ounce | 1-Jan-10 | 31-Mar-11 | % Silver Q1 2011 |
| Costa Rica Colones | 15,549.56 | 18,633.16 | 19.8% |
| Croatia Kuna | 170.55 | 196.03 | 14.9% |
| Czech Republic Koruny | 577.46 | 651.62 | 12.8% |
| Denmark Kroner | 172.07 | 198.04 | 15.1% |
| Dominican Republic Pesos | 1,149.76 | 1,426.22 | 24.0% |
| East Caribbean Dollars | 83.45 | 101.74 | 21.9% |
| Egypt Pounds | 179.42 | 224.43 | 25.1% |
| Euro | 23.08 | 26.56 | 15.1% |
| Fiji Dollars | 57.24 | 68.52 | 19.7% |
| Hong Kong Dollars | 240.24 | 292.99 | 22.0% |
| Hungary Forint | 6,432.16 | 7,065.36 | 9.8% |
| IMF Special Drawing Rights | 20.07 | 23.77 | 18.4% |
| Iceland Kronur | 3,555.91 | 4,298.25 | 20.9% |
| India Rupees | 1,381.57 | 1,673.03 | 21.1% |
| Indonesia Rupiahs | 278,167.50 | 327,917.23 | 17.9% |
| Iran Rials | 318,439.97 | 392,822.43 | 23.4% |
| Iraq Dinars | 36,069.05 | 44,086.55 | 22.2% |
| Israel New Shekels | 109.66 | 131.09 | 19.5% |
| Jamaica Dollars | 2,617.87 | 3,214.17 | 22.8% |
| Fiat Currency vs. 1 Silver Ounce | 1-Jan-10 | 31-Mar-11 | % Silver Q1 2011 |
| Japan Yen | 2,508.14 | 3,120.36 | 24.4% |
| Jordan Dinars | 21.88 | 26.67 | 21.9% |
| Kenya Shillings | 2,488.05 | 3,129.39 | 25.8% |
| Kuwait Dinars | 8.69 | 10.46 | 20.3% |
| Lebanon Pounds | 46,361.25 | 56,540.05 | 22.0% |
| Malaysia Ringgits | 95.33 | 113.98 | 19.6% |
| Mauritius Rupees | 921.04 | 1,051.29 | 14.1% |
| Mexico Pesos | 382.05 | 449.08 | 17.5% |
| Morocco Dirhams | 257.48 | 300.32 | 16.6% |
| New Zealand Dollars | 39.60 | 49.36 | 24.6% |
| Norway Kroner | 179.88 | 208.52 | 15.9% |
| Oman Rials | 11.90 | 14.51 | 21.9% |
| Pakistan Rupees | 2,645.99 | 3,217.94 | 21.6% |
| Peru Nuevos Soles | 86.70 | 105.66 | 21.9% |
| Philippines Pesos | 1,348.80 | 1,633.46 | 21.1% |
| Poland Zlotych | 91.53 | 107.09 | 17.0% |
| Qatar Riyals | 112.53 | 137.21 | 21.9% |
| Romania New Lei | 98.74 | 109.47 | 10.9% |
| Russia Rubles | 941.98 | 1,070.42 | 13.6% |
| Fiat Currency vs. 1 Silver Ounce | 1-Jan-10 | 31-Mar-11 | % Silver Q1 2011 |
| Saudi Arabia Riyals | 115.91 | 141.31 | 21.9% |
| Singapore Dollars | 39.70 | 47.49 | 19.6% |
| South Africa Rand | 204.92 | 255.10 | 24.5% |
| South Korea Won | 34,634.94 | 41,364.85 | 19.4% |
| Sri Lanka Rupees | 3,428.88 | 4,159.58 | 21.3% |
| Sudan Pounds | 77.21 | 105.20 | 36.3% |
| Sweden Kronor | 207.74 | 237.83 | 14.5% |
| Switzerland Francs | 28.88 | 34.52 | 19.5% |
| Taiwan New Dollars | 900.64 | 1,108.38 | 23.1% |
| Thailand Baht | 927.84 | 1,140.03 | 22.9% |
| Trinidad and Tobago Dollars | 195.95 | 240.40 | 22.7% |
| Tunisia Dinars | 43.32 | 52.06 | 20.2% |
| Turkey Lira | 47.52 | 58.22 | 22.5% |
| United Arab Emirates Dirhams | 113.53 | 138.39 | 21.9% |
| United Kingdom Pounds | 19.80 | 23.47 | 18.6% |
| United States Dollars | 30.91 | 37.68 | 21.9% |
| Venezuela Bolivares Fuertes | 132.90 | 162.03 | 21.9% |
| Vietnam Dong | 602,541.71 | 786,775.28 | 30.6% |
| Zambia Kwacha | 147,737.85 | 176,534.59 | 19.5% |
Don't miss Mike Maloney's latest cutting edge video!
Thus far in 2011, gold lost a small percentage overall (-0.2%) consolidating for a spring flight to the upside as central banks around the world continue to print their respective fiat paper currencies with reckless abandon.
Fact: since 2000, gold has appreciated an average of 471% against its 75 different fiat currency competitors!
| Fiat Currency vs. 1 Gold Ounce | 1-Jan-11 | 31-Mar-11 | % Gold Q1 2011 |
| Afghanistan Afghanis | 61,158 | 61,838 | 1.1% |
| Albania Leke | 148,940 | 142,314 | -4.4% |
| Algeria Dinars | 104,548 | 104,177 | -0.4% |
| Argentina Pesos | 5,642 | 5,817 | 3.1% |
| Australia Dollars | 1,389 | 1,388 | -0.1% |
| Bahamas Dollars | 1,421 | 1,437 | 1.1% |
| Bahrain Dinars | 536 | 542 | 1.1% |
| Bangladesh Taka | 100,212 | 104,177 | 4.0% |
| Barbados Dollars | 2,843 | 2,874 | 1.1% |
| Bermuda Dollars | 1,421 | 1,437 | 1.1% |
| Brazil Reais | 2,359 | 2,337 | -0.9% |
| Bulgaria Leva | 2,081 | 1,981 | -4.8% |
| CFA BEAC Francs | 696,322 | 664,414 | -4.6% |
| Canada Dollars | 1,418 | 1,396 | -1.6% |
| Chile Pesos | 664,883 | 691,451 | 4.0% |
| China Yuan Renminbi | 9,369 | 9,403 | 0.4% |
| Colombia Pesos | 2,722,077 | 2,693,095 | -1.1% |
| Comptoirs Français Francs | 126,675 | 120,870 | -4.6% |
| Fiat Currency vs. 1 Gold Ounce | 1-Jan-11 | 31-Mar-11 | % Gold Q1 2011 |
| Costa Rica Colones | 715,132 | 710,562 | -0.6% |
| Croatia Kuna | 7,844 | 7,475 | -4.7% |
| Czech Republic Koruny | 26,558 | 24,849 | -6.4% |
| Denmark Kroner | 7,913 | 7,552 | -4.6% |
| Dominican Republic Pesos | 52,878 | 54,388 | 2.9% |
| East Caribbean Dollars | 3,838 | 3,880 | 1.1% |
| Egypt Pounds | 8,252 | 8,558 | 3.7% |
| Euro | 1,062 | 1,013 | -4.6% |
| Fiji Dollars | 2,632 | 2,613 | -0.7% |
| Hong Kong Dollars | 11,049 | 11,173 | 1.1% |
| Hungary Forint | 295,818 | 269,433 | -8.9% |
| IMF Special Drawing Rights | 923 | 906 | -1.8% |
| Iceland Kronur | 163,538 | 163,911 | 0.2% |
| India Rupees | 63,539 | 63,800 | 0.4% |
| Indonesia Rupiahs | 12,793,050 | 12,504,888 | -2.3% |
| Iran Rials | 14,645,199 | 14,980,001 | 2.3% |
| Iraq Dinars | 1,658,832 | 1,681,209 | 1.3% |
| Israel New Shekels | 5,043 | 4,999 | -0.9% |
| Jamaica Dollars | 120,397 | 122,570 | 1.8% |
| Fiat Currency vs. 1 Gold Ounce | 1-Jan-11 | 31-Mar-11 | % Gold Q1 2011 |
| Japan Yen | 115,351 | 118,993 | 3.2% |
| Jordan Dinars | 1,006 | 1,017 | 1.1% |
| Kenya Shillings | 114,427 | 119,337 | 4.3% |
| Kuwait Dinars | 400 | 399 | -0.2% |
| Lebanon Pounds | 2,132,175 | 2,156,114 | 1.1% |
| Malaysia Ringgits | 4,384 | 4,347 | -0.9% |
| Mauritius Rupees | 42,359 | 40,090 | -5.4% |
| Mexico Pesos | 17,571 | 17,125 | -2.5% |
| Morocco Dirhams | 11,842 | 11,452 | -3.3% |
| New Zealand Dollars | 1,821 | 1,882 | 3.3% |
| Norway Kroner | 8,273 | 7,952 | -3.9% |
| Oman Rials | 547 | 553 | 1.1% |
| Pakistan Rupees | 121,690 | 122,714 | 0.8% |
| Peru Nuevos Soles | 3,987 | 4,029 | 1.1% |
| Philippines Pesos | 62,032 | 62,291 | 0.4% |
| Poland Zlotych | 4,209 | 4,084 | -3.0% |
| Qatar Riyals | 5,175 | 5,233 | 1.1% |
| Romania New Lei | 4,541 | 4,174 | -8.1% |
| Russia Rubles | 43,322 | 40,820 | -5.8% |
| Fiat Currency vs. 1 Gold Ounce | 1-Jan-11 | 31-Mar-11 | % Gold Q1 2011 |
| Saudi Arabia Riyals | 5,331 | 5,389 | 1.1% |
| Singapore Dollars | 1,826 | 1,811 | -0.8% |
| South Africa Rand | 9,424 | 9,728 | 3.2% |
| South Korea Won | 1,592,877 | 1,577,419 | -1.0% |
| Sri Lanka Rupees | 157,696 | 158,623 | 0.6% |
| Sudan Pounds | 3,551 | 4,012 | 13.0% |
| Sweden Kronor | 9,554 | 9,069 | -5.1% |
| Switzerland Francs | 1,328 | 1,316 | -0.9% |
| Taiwan New Dollars | 41,421 | 42,267 | 2.0% |
| Thailand Baht | 42,672 | 43,474 | 1.9% |
| Trinidad and Tobago Dollars | 9,012 | 9,168 | 1.7% |
| Tunisia Dinars | 1,992 | 1,985 | -0.4% |
| Turkey Lira | 2,185 | 2,220 | 1.6% |
| United Arab Emirates Dirhams | 5,221 | 5,277 | 1.1% |
| United Kingdom Pounds | 911 | 895 | -1.7% |
| United States Dollars | 1,421 | 1,437 | 1.1% |
| Venezuela Bolivares Fuertes | 6,112 | 6,179 | 1.1% |
| Vietnam Dong | 27,711,168 | 30,003,111 | 8.3% |
| Zambia Kwacha | 6,794,531 | 6,732,020 | -0.9% |
- Mike Maloney
Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.
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