Commodity Charts » World Gold Index
The MineFund World Gold Price Index (WGX) is a gross domestic product weighted basket of the most liquid global currencies - USD; EUR; JPY; GBP; CHF; CAD; AUD; HKD. By liquid we mean that you can walk into almost any bureau de change and be able to exchange one country’s piece of paper for the other.
By placing the currencies in a basket and weighting them by their GDP we have developed a proxy for the gold price that is not just dependent on the US dollar.
A useful analogy would be temperature measurements. The US dollar gold price is like a thermometer in one location - it tells you what the temperature is locally. However, a meteorological satellite records temperatures over a large surface area. The WGX is like that satellite in its ability to present a "global price" for gold.
The MineFund Commodity Gold Price Index (CGX) comprises the most liquid “commodity currencies”. Commodity currency simply means that a money’s value is determined in large part by commodity exports and beneficiation based on the country’s extractive industries. These economies, like South Africa, are tightly tied with commodity cycles.
The WGX and CGX are indexed so that January 2010 is equal to 100. The "Real" price index is adjusted for inflation. In other words, it removes all the effects of inflation so that a unit today is worth a unit 20 years ago and so on. We use U.S. consumer prices (1967=100) as the deflator.
MineFund World Gold Price Index
Components: USD; EUR; JPY; GBP; CHF; CAD; AUD; HKD
© Copyright 2010-2012, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.
MineFund Commodity Gold Price Index
Components: CAD; AUD; ZAR; BRA; CHP
© Copyright 2010-2012, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.
World vs Commodity Gold Price Index (Real)
© Copyright 2010-2012, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.
World vs Commodity Gold Price Index (Nominal)
© Copyright 2010-2012, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Conditions.
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