Since 1971, the U.S. dollar has lost 99.24% of its value relative to gold. Over the same period, the British pound has declined by 99.57%. Had the euro existed at the time, it would have lost 99.08%.
The long-term depreciation of major currencies against gold reflects the structural consequences of the fiat monetary system that emerged following the abandonment of the gold standard in 1971.
For long-term investors, gold is not merely a speculative asset but a strategic hedge against the systemic debasement of paper currencies and the erosion of the real purchasing power of monetary savings.
