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Gold’s Real Purchasing Power Hits Record High!

The best way to measure the real purchasing power of gold as a currency, is to price gold in terms of the Rogers International Raw Materials Commodities Index, an index designed by Jim Rogers that measures a basket of 37 raw materials consumed by the global economy. It is weighted based on worldwide raw material consumption patterns – and includes energy commodities, agricultural commodities, and metals.

The Rogers International Raw Materials Commodities Index is composed of the following weightings: WTI Crude Oil 16%, Brent Crude Oil 13%, Natural Gas 5%, Gold 5%, Wheat 4.75%, Corn 4.75%, Cotton 4.2%, Silver 4%, Aluminum 4%, Copper 4%, Soybeans 3.5%, RBOB Gasoline 3%, Zinc 2%, Live Cattle 2%, Heating Oil 1.8%, Platinum 1.8%, Gas Oil 1.2%, Sugar 1%, Red Wheat 1%, Milling Wheat 1%, Cocoa 1%, Tin 1%, Lean Hogs 1%, Rubber 1%, Rapeseed 1%, Nickel 1%, White Sugar 1%, Rice 0.75%, Soybean Meal 0.75%, Orange Juice 0.6%, Oat 0.5%, Palladium 0.3%, and Milk 0.1%.

Gold settled on Tuesday, January 28, 2015 at a level that is above 50% of the Rogers International Raw Materials Commodities Index for the first time in history! The Gold/Rogers Raw Materials Ratio finished Tuesday at 50.33%, surpassing its June 13, 2012 high of 49.27% and August 22, 2011 high of 48.86%! On June 13, 2012 when the Gold/Rogers Raw Materials Ratio settled at its previous peak of 49.27%, gold was trading for $1,618.10 per oz. On August 22, 2011 when the Gold/Rogers Raw Materials Ratio settled at its initial post financial crisis peak of 48.86%, gold was trading for $1,888.70 per oz.

The Gold/Rogers Raw Materials Ratio set a medium-term double bottom on June 2, 2014 and December 23, 2013 of 33.74%. After setting a short-term bottom on November 6, 2014 of 36.02%, it has made a parabolic increase to 50.33% – with its largest dip over the last three months being only 0.6%.

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