Gold Price History

Knowing the gold price history is important for any person investing in gold bullion or rare gold coins. The gold price history, while not a guaranteed predictor of future gold prices, provides an great overview of how the price of gold is affected by the economy.

Gold Price History 1975-2009

The above gold price history chart shows the price of gold from 1975 to 2009. As you can see from this chart, the price of gold increased dramatically during the ecomonic turmoil of the late 1970s. But, as quickly as the price of gold increased, it fell dramatically in the early 1980s as inflation was curtailed. However, since 2002 gold prices have skyrocketed once again. This latest gold bull market is still in full swing.

But, will the price of gold correct itself and plummet like it did in the 1980s. Well, only time will tell. But, knowing this gold price history is important for any rare gold coin buyer. The price of gold coins is derived from the underlying value of the content of the gold in the coins and the scarcity and demand for such rare gold coins. If you are purchasing $20 double eagle coins or Indian Head gold coins, understanding the gold bullion market is important.

The following gold price history video provides an interesting analysis of the gold price history and the 20 year gold bear market of the eighties and nineties. Do you think that the price of gold will continue to go up or do you think that the price of gold will soon fall?

http://video.google.com/videoplay?docid=4902030520425097301

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