The Kobeissi Letter(@KobeissiLetter):Fiat currencies are in an eternal bear market against gold: Since 1971, the US Dollar has lost -99.24% of its value against gold, the 2nd-largest decline among major currencies. Over the same period, the British Pound has declined -99.57%. The Euro would have lost -99.08% against gold if it had existed since 1971. Furthermore, the Japanese Yen and Swiss Franc have dropped -98.27% and -96.07%, respectively. Meanwhile, gold prices in US Dollar terms are up +11,119% over the same timeframe. Own assets or be left behind.

The Kobeissi Letter

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The Kobeissi Letter@KobeissiLetter

2026.05.31 20:04

Fiat currencies are in an eternal bear market against gold: Since 1971, the US Dollar has lost -99.24% of its value against gold, the 2nd-largest decline among major currencies. Over the same period, the British Pound has declined -99.57%. The Euro would have lost -99.08% against gold if it had existed since 1971. Furthermore, the Japanese Yen and Swiss Franc have dropped -98.27% and -96.07%, respectively. Meanwhile, gold prices in US Dollar terms are up +11,119% over the same timeframe. Own assets or be left behind.