Chapter 6 of Steemit Gold Course: Historical Price of Gold
Today on Steemit Gold Course, we will be talking about historical price of gold from 1900 to 2018. At least, if anyone is telling you that gold is a store of value, he should have facts to back up his claim, isn't it? Numbers don't lie. During this session, we will take bird eye view of the price over 118 years! If you had bought a ounce of gold for $19.39 in 1900, you would have made 6,941% profit considering the current value of G O L D.
The second best time to buy gold is now.
Before we continue this session, if you had missed previous classes, kindly check these links in descending order.
Chapter 1: Introduction to Gold
Chapter 2: Brief History of Gold
Chapter 3: Gold processing
Chapter 4: Amazing uses of gold
Chapter 5: Cultural value of gold
Okay, let us play with the past.
1800 to 1809
Take a look
If you had paid attention, you would have noticed that gold was stable around $20.67 for 32 years, between 1900-1932! This is why is it not a get rich quick investment.
1970 to 1979
Between 1970 and 1979, gold value increased by whooping 1,179%.
1980 to 1989
Trust me, I want you to turn your screen upside down. For the fun of it😁😁😁😁.
Between this period, gold lost over 65% of its value. Not cool huh? We call it healthy retracement.
1990 to 1999
Many of you were born around this period, right? The bear stepped into the game. Those that bought gold in 1920s are still in profit.
Gold value reduced to -51.21%, many people lost interest in gold during this time, only the GODLERS scale through. Also, gold enjoyed average price of $385.48 during this year.
2000 to 2009
Omg! It was a massive bull market.
Gold value increased by 298.87% during this decade.
2000 - 2009
Until 2012, gold enjoyed ATH (Alpha time high).
Currently, a ounce of hold is $1,346.
This Gold course was inspired by @goldmatters, and brought to you by @autofreak. If you have missed the introduction to the course, click here so you can catch up.
If I were you, I will soak every bit of information and do more research on the subject matters. To receive up-to-date information about this steemit gold course, follow @autofreak.
If you want to receive realtime and industry information about gold, follow @goldmatters and @goldmoney on steemit.
Yes, you can buy gold with free credits, to receive free $5 instantly from Menē 24k gold, use my invitation link http://Mene.com/invite/8ME5Wm, then you will get $5 for every new user that signup with your invitation link. It is win-win!
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
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However, if you have any question, please do not hesitate to ask.
See ya tomorrow.
Beautiful analysis...
So what's the future for Gold?
In my perspective, the future of gold is bright, but never expect that the price will not crash below current price. When this happen, it is an opportunity to buy more! Gold is not an investment like shares, it an inflation control tool that everyone should consider.
Oh...
I get your point...
So what's your take on Bitcoin and Gold? Can you compare and contrast please
Wow, this is really a great analysis and a result of keen research. Nice one @autofreak
Thank you @jalasem
https://www.goldmoney.com/research/live-prices-and-charts Thank you for providing this historical perspective on gold @autofreak! Check out the Goldmoney research pages also!
The chart is cool, it gives realtime information about curent price of gold, silver and two other precious metals. By playing around the chart, one can check the price history too.
Bookmarked!
Sure, I will. Thank you.
Will you follow me? 😊 @a-0-0
What you are actually showing is the value of the USD or better the lost purchase power of the USD. But the message is the same. Gold in the long run protects against infaltion.