When was gold $800 an ounce?

Central Avenue, 11th Floor, Phoenix, AZ 85012.Even so, over the centuries, gold has always been used as a key indicator of the state of world economies and as a means of anticipating what may be on the horizon in terms of fiscal growth. The history of gold dates back thousands of years and was first used as a monetary store of value as early as 500 BC. C. However, to achieve a more focused and relevant view of the price of gold, we will analyze the last five decades exclusively to understand how gold behaves and impacts the modern financial world.

Gold Guys specializes in helping you get a great price for your gold, silver, platinum and other precious metals, and works closely with you to ensure that you have full control of the process from start to finish. Here's a more detailed analysis of the history of gold and gold prices over the past 50 years to help determine the direction gold could take in the coming years and why now is the ideal time to sell your gold. This means that right now is an ideal time to sell your gold and take advantage of the favorable price trends of the past two years. When analyzing gold price movements over the past five decades, the most prevalent trend is the increase in gold prices during times of economic uncertainty, followed by declining prices and periods of stability during the intervening years of economic growth.

As mentioned, the history of gold goes back thousands of years and there is much to learn about its role in global economies and how it has helped shape major financial trends and events in human history. Gold is now more valuable than at any time in history, but this upward trend is not guaranteed to last forever. The story of the past five decades really begins in 1971, when President Nixon told the Federal Reserve to stop respecting the value of the dollar in gold.