Gold Chart

7 Reasons to Invest in Gold

gold rush california Panning on the Mokelumne 7 Reasons to Invest in Gold

First, gold is a finite resource. Meaning, there is only a certain amount of gold on the planet for extraction and selling. Considering population growth and the increasing demand for gold, this precious metal will become only more valuable in the long-term.

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Gold ETF – Gold Exchange Traded Funds

etf Gold ETF   Gold Exchange Traded Funds

Gold ETF funds are exchange traded funds. This investment vehicle has several advantages over investing in gold mutual funds and buying shares of gold mining companies.

What are Exchange Traded Funds (ETF)?

Exchange traded funds are investment funds that are traded on the stock exchange. ETFs are usually passively managed and follow an index, such as the Standard and Poors 500 or the NASDAC.  Gold ETFs try to follow the price of gold.

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Gold Rate for Today

These days, the financial news and also the network programs have started to report the price of gold on a regular basis. During the years from 1980 to 2000, there was hardly any mention for the price of gold. There was not much interest at this time, plus the price was always declining or staying steady.

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Gold Chart

Keeping track of what is taking place in the economy could be as simple as paying attention to the prices on the gold chart. While knowledgeable investors pay attention to the specifics for the declining dollar, sluggish economy and poor job creation, a basic barometer for the average person could be the price of gold. Whenever the value of the dollar declines, investors need to keep their riches in a safe place and so they will modify their holdings from currency to gold.

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History of Gold – Part 1: Ancient History, Mediaeval Times and Early Modern Times

croesus history gold 1 History of Gold – Part 1: Ancient History, Mediaeval Times and Early Modern Times

This is the first part of a four part series about the history of gold as a means of payment, and also the development of the gold standards. The first three periods are the Classical Era, the Mediaeval Times and the Early Modern Times.

1. Ancient History and Classical Era

5,000 years ago in Egypt and the Middle East: gold and other metals fulfilled the classical function of money (exchange, means of payment, and value storage). However gold coins were not yet widely used in economic transactions.

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Gold Bars At Grand Emperor Casino in Macau

GoldBarAtGrandEmperorCasino Gold Bars At Grand Emperor Casino in Macau

Gold Bars At Grand Emperor Casion in Macau

Gold Bars at the Grand Emperor Casino in Macau

(c) Wikimedia Commens

History of Gold – Part 2: Classical Gold Standard and Interwar Period

gold standard depression inter war period History of Gold – Part 2: Classical Gold Standard and Interwar Period

In the first part of the history of gold, three periods were presented: the Classical Era, the Mediaeval Times and the Early Modern Times. Now follows the second part of the series, covering the period of the Classical Gold Standard (1816 – 1914) and the Interwar Period (1918 – 1939).

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Gold Chart

What is the Gold Chart?

Just take a look at the top of the page.

There you see a gigantic and very informative gold chart in US dollar per ounce (31.01gram).

It shows the development of the gold price from 1968 until literally today. Besides that, you see 16 major events that had an impact on the price. Just to get a feeling of the crazy development: The gold price started at around $30 per ounce, it went up to nearly $1000 end of the 1970s, feel then within two years to only around $300-$400/ounce and stayed at this mediocre level until around 2005. And the the price (see gold chart) really took of. It just peaked at more than $1500/ounce. Where will gold price go? Just come back and monitor the gold chart!

Gold Rate

See the top of the page for the current gold rate.

Three things to consider

  • First, the gold rate is quoted for one ounce of fine gold. This is 31.01 gram of gold with a purity of 99.99%.
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  • Second, the gold rate slightly varies among markets. The most popular ones are the London Bullion Market and the New York Merchantile Exchange.
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  • Third, at the London, the gold rate is determined two times a day (gold fixing), in the morning and the evening. At other exchanges the price is constantly set, similar to a shareprice. However, the ‘official’ gold rate is the one from the end of the day. In London it is called the LBMA PM rate. Of course, here gold rates are only set when the market is open, that is Monday till Friday. Therefore, on Monday in the early Morning, the latest gold price is still from last week, Friday.
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Just look to the top of the page, there is a huge chart showing the development of the gold rate from 1968 until the last available trading day (today, or yesterday). You also see there events over the last 40+ years that influenced the gold rate.

London Good Delivery Bar

london good delivery bar London Good Delivery Bar

The London Good Delivery Bar (see picture) weights around 12.5 kilo gram, or 400 troy ounces). It is produced according to the specifications of the London Bullion Market Association (LBMA). The London Good Delivery Gold  Bars have a minium fineness of 995.0, contain the serial number, refiner’s hallmark, fineness and the production year. Futher, their gold content can vary between 350 ounce and 430 ounce. Its dimensions are 210 – 290mm (length) x 55 – 95mm (width top) x 25 – 45mm (height).

London Good Delivery Gold Bars are usually by central banks and international organizations and in the main international trading markets.

Picture credit, cc license: wikipedia user Szaaman

1 Kilo Gold Bar

1kg gold bar kilobar ubs switzerland 1 Kilo Gold Bar

This is a picture of a 1 kilo gold bar (1000 gram, or 32.15 fine ounce) also known as kilobar. The gold bar was cast by the Union Bank of Switzerland (UBS). It has a a fineness of 999.9. The kilo gold bar’s dimensions are around 80mm x 40mm x 18mm, or 3.15in x 1.57in x 0.71in. (gold key removed)

World Largest Gold Bar

largest gold bar World Largest Gold Bar

The world largest gold bar weights 250 kg (551.150lb).

The gold bars value is $13,224,000, based on US1,500/ounce. It was produced by Mitsubishi Materials Corporation on 11 June 2005 at the Naoshima Smelter & Refinery in the Kagawa Prefecture, Japan.  The picture is from  11. July 2005. At this day, the gold bar was shown to the public at the Toi Gold Mine, Japan. It has even been recognized by the Guinness Books of World Records as the largest gold bar.

 

Gold bar Picture Credit, cc license: wikimedia user PHGCOM

3 Month Gold Chart in US Dollar per Ounce

3monthgold 3 Month Gold Chart in US Dollar per Ounce

3 Month Gold Chart, US Dollar per Ounce of Gold

3 Month Gold Chart

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3 Month Gold Chart in US Dollar per Gram

3monthgoldgram 3 Month Gold Chart in US Dollar per Gram

3 Month Gold Chart, US Dollar per Gram of Gold

3 Month Gold Chart, US Dollar per Gram of Gold

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6 Month Gold Chart in US Dollar per Gram

6monthgoldgram 6 Month Gold Chart in US Dollar per Gram

6 Month Gold Chart, US Dollar per Gram of Gold

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30 Year Gold Chart in US Dollar per Kilo (kg)

30yeargoldkilo 30 Year Gold Chart in US Dollar per Kilo (kg)

30 Year Gold Chart, US Dollar per Kilo of Gold

30 Year Gold Chart, US Dollar per Kilo (kg) of Gold

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20 Year Gold Chart in US Dollar per Kilo (kg)

20yeargoldkilo 20 Year Gold Chart in US Dollar per Kilo (kg)

20 Year Gold Chart, US Dollar per Kilo of Gold

20 Year Gold Chart, US Dollar per Kilo (kg) of Gold

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10 Year Gold Chart in US Dollar per Kilo (kg)

10yeargoldkilo 10 Year Gold Chart in US Dollar per Kilo (kg)

10 Year Gold Chart, US Dollar per Kilo of Gold

10 Year Gold Chart, US Dollar per Kilo (kg) of Gold

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5 Year Gold Chart in US Dollar per Kilo (kg)

5yeargoldkilo 5 Year Gold Chart in US Dollar per Kilo (kg)

5 Year Gold Chart, US Dollar per Kilo of Gold

5 Year Gold Chart, US Dollar per Kilo (kg) of Gold

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1 Year Gold Chart in US Dollar per Kilo (kg)

1yeargoldkilo 1 Year Gold Chart in US Dollar per Kilo (kg)

1 Year Gold Chart, US Dollar per Kilo of Gold

1 Year Gold Chart, US Dollar per Kilo (kg) of Gold

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