Gold prices fluctuate geographically

Gold price development (price per ounce in US dollars)

Gold / gold price from 1920 to 2000

The beginnings of gold mining are likely to be found in the Copper Age. At that time, the noble metal had already been recognized as a material with excellent processing properties. Gold was used by the people for special, ritual objects, masks and jewelry. Its main characteristic was that the material did not rust. It retained its shine and was easy to use. Gold was a very durable material, a property that made it ideal for later coinage. It thus became the benchmark for things in thingsEvolution of money.
In 1972, in today's Varna, Bulgaria, finds were made that date from around 4500 BC. Came from. In the early historical period there are mentions of gold all over the world. The Greek Argonauts drove across the sea to the Golden Fleece, the Torah describes the golden calf, there is talk of Ophir, the land of gold, and gold is also told in the New Testament.
The precious metal had gained an unshakable reputation as the most valuable metal over time. The greed for gold grew accordingly. It was by no means just geographical considerations that enabled Christopher Columbus to travel to America. The Spanish crown wanted gold and the explorer brought that to Europe in heaps. At what price? The indigenous cultures in the conquered regions fell by the wayside, and for the most part were even completely destroyed.

Gold and money
According to today's knowledge, the gold standard goes back to around 560 BC. BC, in which King Croesus is associated with it. It is said to have been who minted the first coins as a means of payment. The value of gold, the price of the troy ounce, has fluctuated since that early period. Two historical highlights are worth mentioning - one is between 1470 and 1490, a few years before the discovery of America by Columbus in 1492, or the heyday of Aztec gold. The second peak is dated in 2011.
The gold price was around 2000 dollars / troy ounce, measured against a so-called global shopping cart. These include above all real estate and land prices, the values ​​of which are used as a comparison. The time of the great gold rush once again marks the enormous attraction of the most valuable share capital, which always retains its value, including its fluctuating value. Gold seems to be immortal.
The request of the Lydian king Croesus, which he aimed at with coinage out of gold, was one that he did not - and to this day no one - succeeded in doing. Nevertheless, it is thanks to him that a certain uniformity came into the history of currency. Croesus not only set a gold standard that was precisely defined, but also a purity requirement. The coins were also given a stamp. Gold had become a means of payment in the sense of money and represented a tangible alternative to conventional exchange transactions. What was also completely new was the fact that gold could be saved as a reserve. Around 225 BC This development was continued by the Romans.The Greek city-states had already used it for himself. Until around AD 600, the Roman gold solidus remained a key currency that existed in large parts of the world. East Stream, all of Europe, North Africa, the Middle East - everywhere gold had become the most valuable payment capacity, it was becoming more and more expensive and thus paved the way for silver as a reserve currency in the Middle Ages. However, this did not achieve the importance of gold, but was a kind of reserve, and it was also valuable as a reference value.
Crusades, like North African trade, influenced the price of gold. In the Middle Ages there were drastic losses in the production rates. The plague in particular caused an economic disaster. The reduced production of gold caused the price of the precious metal to rise rapidly. This increase peaked at the end of the 15th century. After the discovery of gold South America the price fell again quickly, a trend that continued up toMid 19th century lasted.
An attempt to set a gold standard was made by Isaac at the beginning of the 17th century

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Newton. From then on, attempts were repeatedly made to link currencies to gold. Up until the 20th century, all of the major industrialized countries did so. These attempts, which sometimes succeeded, then again had to be regarded as non-binding, especially during the two world wars, finally caused an explosion until the 1980s and a subsequent drop in the price. After 2001 it rose again. The reasons were the bursting of the Dotoom bubble (2000), the American subprime crisis (2008), theFukushima disaster and the euro crisis (2011).
A millennium high was recorded in September 2011. Since then the price of gold has fluctuated, a value likely to last for some time. Stability at a high level would make a reintroduction of the gold standard conceivable, as is already being discussed in some countries.

Gold price 20s


Gold price 1920 - $ 21.50
Gold price in 1921 - $ 21.50
Gold price in 1922 - $ 21.45
Gold price in 1923 - $ 21.50
Gold price in 1924 - $ 22.20
Gold price in 1925 - $ 21.90
Gold price in 1926 - $ 21.50
Gold price in 1927 - $ 21.50
Gold price in 1928 - $ 21.10
Gold price in 1929 - $ 20.90


Gold price 30s


Gold price in 1930 - $ 20.90
Gold price in 1931 - $ 21.80
Gold price in 1932 - $ 22.50
Gold Price 1933 - $ 22.80
Gold price in 1934 - $ 23.90
Gold price in 1935 - $ 24.50
Gold price in 1936 - $ 26.20
Gold price in 1937 - $ 28.50
Gold price in 1938 - $ 31.50
Gold price in 1939 - $ 32.90

Gold price 40s


Gold price 1940 - $ 34.50
Gold price in 1941 - $ 34.50
Gold price in 1942 - $ 34.50
Gold price in 1943 - $ 34.50
Gold price in 1944 - $ 34.80
Gold price in 1945 - $ 35.20
Gold price in 1946 - $ 34.90
Gold price in 1947 - $ 35.40
Gold price in 1948 - $ 35.40
Gold price in 1949 - $ 35.40

Gold price 50s


Gold price in 1950 - $ 34.20
Gold price 1951 - $ 34.80
Gold price 1952 - $ 34.80
Gold price 1953 - $ 34.90
Gold price 1954 - $ 35.10
Gold price 1955 - $ 35.00
Gold price 1956 - $ 35.10
Gold price 1957 - $ 35.00
Gold price 1958 - $ 35.10
Gold price 1959 - $ 35.10

Gold price 60s


Gold price in 1960 - $ 35.70
Gold price in 1961 - $ 35.20
Gold price in 1962 - $ 35.10
Gold price in 1963 - $ 35.10
Gold Price 1964 - $ 35.00
Gold price in 1965 - $ 35.10
Gold price in 1966 - $ 35.10
Gold price in 1967 - $ 35.10
Gold Price 1968 - $ 40.00
Gold price in 1969 - $ 42.00

Gold price 70s


Gold price in 1970 - $ 37.50
Gold price in 1971 - $ 40.10
Gold price in 1972 - $ 50.20
Gold price 1973 - $ 60.30
Gold price 1974 - $ 110.00
Gold Price 1975 - $ 170.00
Gold price 1976 - $ 135.00
Gold Prize 1977 - $ 160.00
Gold Price 1978 - $ 200.00
Gold price 1979 - $ 350.00 (briefly over $ 500.00 in October)

Gold price 80s


Gold price 1980 - $ 600.00
Gold price 1981 - $ 500.00
Gold price 1982 - $ 400.00
Gold Prize 1983 - $ 450.00
Gold Prize 1984 - $ 400.00
Gold price 1985 - $ 350.00
Gold Prize 1986 - $ 380.00
Gold price 1987 - $ 400.00
Gold price in 1988 - $ 450.00
Gold price 1989 - $ 420.00

Gold price 90s


Gold Price 1990 - $ 400.00
Gold Price 1991 - $ 380.00
Gold Price 1992 - $ 350.00
Gold price 1993 - $ 400.00
Gold Price 1994 - $ 387.00
Gold price 1995 - $ 386.00
Gold Price 1996 - $ 400.00
Gold price 1997 - $ 400.00
Gold price 1998 - $ 300.00
Gold price 1999 - $ 300.00

Gold price 2000s


Gold price 2000 - $ 300.00

Gold Price 2001 - $ 320.00
Gold Price 2002 - $ 340.00
Gold Price 2003 - $ 380.00
Gold price 2004 - $ 400.00
Gold price 2005 - $ 420.00
Gold Prize 2006 - $ 500.00
Gold Prize 2007 - $ 600.00
Gold price 2008 - $ 700.00
Gold Price 2009 - $ 1000.00

Gold price 2010s


Gold Prize 2010 - $ 1150.00
Gold Price 2011 - $ 1500.00
Gold Prize 2012 - $ 1640.00
Gold price 2013 - $ 1,390.00
Gold price 2014 - $ 1280.00
Gold price 2015 - $ 1180.00
Gold price 2016 - $ 1240.00
Gold Prize 2017 - $ 1260.00
Gold price 2018 - $ 0

Dollar rates


The given gold price is only for orientation for the given year
See also: Store gold safely


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