Race to Debase - 2012 Q1 - Fiat Currencies vs Gold & Silver

Welcome back to the Worldwide Fiat Currency Race to Debase!

Closing the first quarter of lap 2012, we are again tracking the performance of gold and silver bullion versus 75 different fiat currencies being debased around the world.

Notable first quarter fiat currency losers to gold include the US dollar ( - 6.8% ), the euro ( - 3.7% ), and the Japanese yen ( - 14.7% ) to gold in Q1 2012.

Thus far in 2012, gold has appreciated + 5.1% versus 75 varying fiat currencies. See for yourself below:

Base Currency vs. 1 Gold oz	1-Jan-12	31-Mar-12	% Gold +/- Q1 2012
Afghanistan Afghanis	75,531	80,465	6.5%
Albania Leke	168,101	175,548	4.4%
Algeria Dinars	117,439	122,767	4.5%
Argentina Pesos	6,725	7,291	8.4%
Australia Dollars	1,531	1,612	5.3%
Bahamas Dollars	1,563	1,669	6.8%
Bahrain Dinars	589	629	6.7%
Bangladesh Taka	127,834	136,433	6.7%
Barbados Dollars	3,126	3,337	6.8%
Bermuda Dollars	1,563	1,669	6.8%
Brazil Reais	2,911	3,049	4.7%
Bulgaria Leva	2,362	2,447	3.6%
CFA BEAC Francs	791,233	820,292	3.7%
Canada Dollars	1,597	1,667	4.4%
Chile Pesos	811,978	809,322	-0.3%
China Yuan Renminbi	9,839	10,508	6.8%
Colombia Pesos	3,029,385	2,986,982	-1.4%
Comptoirs Français Francs	143,941	149,228	3.7%
Base Currency vs. 1 Gold oz	1-Jan-12	31-Mar-12	% Gold +/- Q1 2012
Costa Rica Colones	788,922	838,775	6.3%
Croatia Kuna	9,094	9,363	3.0%
Czech Republic Koruny	30,882	31,000	0.4%
Denmark Kroner	8,960	9,306	3.9%
Dominican Republic Pesos	60,181	64,829	7.7%
East Caribbean Dollars	4,221	4,506	6.7%
Egypt Pounds	9,424	10,076	6.9%
Euro	1,206	1,251	3.7%
Fiji Dollars	2,846	2,975	4.5%
Hong Kong Dollars	12,143	12,959	6.7%
Hungary Forint	379,759	368,367	-3.0%
IMF Special Drawing Rights	1,018	1,077	5.8%
Iceland Kronur	191,361	211,041	10.3%
India Rupees	82,941	84,887	2.3%
Indonesia Rupiahs	14,177,771	15,248,626	7.6%
Iran Rials	17,390,044	18,914,771	8.8%
Iraq Dinars	1,828,104	1,944,876	6.4%
Israel New Shekels	5,970	6,191	3.7%
Jamaica Dollars	133,727	143,926	7.6%
Base Currency vs. 1 Gold oz	1-Jan-12	31-Mar-12	% Gold +/- Q1 2012
Japan Yen	120,542	138,286	14.7%
Jordan Dinars	1,109	1,185	6.8%
Kenya Shillings	132,790	138,336	4.2%
Kuwait Dinars	435	462	6.2%
Lebanon Pounds	2,350,978	2,506,395	6.6%
Malaysia Ringgits	4,954	5,110	3.1%
Mauritius Rupees	45,175	47,975	6.2%
Mexico Pesos	21,802	21,370	-2.0%
Morocco Dirhams	13,404	13,906	3.7%
New Zealand Dollars	2,010	2,039	1.4%
Norway Kroner	9,345	9,500	1.7%
Oman Rials	602	642	6.7%
Pakistan Rupees	140,605	151,135	7.5%
Peru Nuevos Soles	4,215	4,450	5.6%
Philippines Pesos	68,466	71,587	4.6%
Poland Zlotych	5,374	5,194	-3.4%
Qatar Riyals	5,692	6,076	6.7%
Romania New Lei	5,210	5,477	5.1%
Russia Rubles	50,021	48,926	-2.2%
Base Currency vs. 1 Gold oz	1-Jan-12	31-Mar-12	% Gold +/- Q1 2012
Saudi Arabia Riyals	5,862	6,258	6.8%
Singapore Dollars	2,027	2,099	3.6%
South Africa Rand	12,630	12,797	1.3%
South Korea Won	1,810,284	1,889,224	4.4%
Sri Lanka Rupees	180,278	213,761	18.6%
Sudan Pounds	4,176	4,455	6.7%
Sweden Kronor	10,794	11,037	2.3%
Switzerland Francs	1,467	1,506	2.6%
Taiwan New Dollars	47,324	49,243	4.1%
Thailand Baht	49,310	51,396	4.2%
Trinidad and Tobago Dollars	9,926	10,596	6.8%
Tunisia Dinars	2,339	2,507	7.2%
Turkey Lira	2,957	2,972	0.5%
United Arab Emirates Dirhams	5,742	6,129	6.8%
United Kingdom Pounds	1,007	1,042	3.5%
United States Dollars	1,563	1,669	6.8%
Venezuela Bolivares Fuertes	6,722	7,175	6.8%
Vietnam Dong	32,873,044	34,742,438	5.7%
Zambia Kwacha	7,995,512	8,794,075	10.0%