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Innehållsförteckning / Table of Contents
The Visual Capitalist recently published an overview of gold price movements over the past 100 years. Gold is mostly valued in US dollars on world markets, so price movements are expressed in USD / oz. The chart data ends in May 2020, when the price of an ounce of gold was $ 1,726.
The graph brings to readers the most visually important milestones in the history of gold, as well as in the history of the economy, which has led to fluctuations in the price of gold. In just over a hundred years, the price of gold has had a 92-fold increase (9135%) – from $ 20.68 to $ 1,910 (as of October 14, 2020). Of course, inflation and the sharp change in the value of the dollar must also be taken into account.
In the following, we will highlight the largest gold bull movements since 1969
Gold has proven its value over time when companies, currencies, and governments come and go.
Disclaimer: This article is for informational purposes only and is not intended as an investment analysis or recommendation to sell or buy commodities. Tavex is not responsible for any decisions made based on this information. Investing is associated with opportunities and risks, and the market value of commodities can both increase and decrease. Past or future yields on the commodities and financial ratios shown above do not represent a promise or an indication of future earnings.