Todays “Chart of the Day” from The Economist makes an attempt to show that gold isn’t doing any better when it comes to preserving buying power than currencies such as the Swiss Franc (CHF) or the Japanese Yen (JPY). Roy Sebag, co-founder of BitGold and CEO of GoldMoney, took the liberty to point out the obvious (and many) flaws in their chart (see his comments below):
“Here is an example of how the mainstream media either purposely or inadvertently manipulates data with respect to gold, preventing the masses who have little time to invest from assessing gold’s true performance.
In a piece published on February 24, 2016, The Economist created this graph entitled: ”Safe Havens”. In the graph they place three data points:
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