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?

Panda Gold Coins

The Panda gold coins have been minted since 1982 by the Chinese mint.  The Chinese mint created these gold coins because of the number of people around the world who want to protect these endangered animals.  Now coin collectors, gold investors and animal activists alike are buying Panda gold coins.

The 2009 Panda gold coins have a new design from previous years’ gold panda coins.  These new designs have lead to the popularity of these coins for 2009.  They are minted in 99.99% fine gold.  You can buy panda gold coins in 5 different weights.  You can buy the 1 oz. gold panda coin, half ounce gold panda, 1/4 oz. panda gold coin, 1/10 oz gold panda coin, and the 1/20 oz gold panda.

Obviously the price of the 1 oz. gold panda is more than the half ounce gold panda price.  The price of gold panda coins is based off of the price of gold, plus a premium charged by the China Mint to cover its costs and to make a profit.

If you are looking to invest in gold coins, the secondary market price for gold coins is determined by the price of gold bullion and the scarcity of the gold coins you buy.  If the price of gold goes up, the gold panda price will go up as well.  However, buyers of previous year gold pandas will also pay more if the gold coins are scarce.  Scarcity is the most important factor in the price of rare coins.

But collecting panda gold coins is not just for people looking to invest in gold coins.  These coins are loved by coin collectors just for their beauty.  The panda bear might be the most popular animal in the world.  So, when you put them on a gold coin, you have the makings of a very popular coin series.

Do you collect gold panda coins?  If so, please share in the comments below what got you into collecting panda gold coins.