The Most Profitable Moments of Gold in the Last Five Decades

The Most Profitable Moments of Gold in the Last Five Decades

The Smart Investment: Gold

Gold has been seen as a smart investment for centuries. Gold as an investment became popular after the end of the Bretton Woods system in 1971. 

The Bretton Woods System created a gold exchange standard where the price of gold was fixed to the U.S. dollar. The agreement created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.

Since the 1970s, the precious metal price has increased. In 1970, gold was pegged at $35 per ounce. In August 2011, that number had risen to nearly $2000 per ounce.

August 1999 was a landmark moment in the price of gold as it dropped to a price of $251.70. This occurred after central banks around the world were rumored to be reducing their gold bullion reserves and at the same time, mining companies were selling gold in forward markets.



  • • The most expensive gold coin in the world is the 1933 Double Eagle, which was sold at Sotheby's in New York in 2002 for $7.59 million.

  • • There are 92 naturally occurring elements found in the earth's crust. Gold ranks 58th in rarity.

  • • Absolutely pure gold is so soft that it can be molded with the hands.

By February 2003, outlook on gold had reversed. Many viewed gold as a safe-haven after the U.S. invasion of Iraq in 2003. And then geopolitical tensions between 2003 and 2008 continued to elevate the price of gold. 

In 2008, the global economic crisis increased the price of gold even further. 

However, after reaching a high of over $1900 per ounce in 2011, gold prices had stayed in the range from $1000 to $1400 in the 2011-2018 time period.

In 2019, Gold Prices have jumped back up again amid fears on world recession. The outlook for global growth has weakened due to a US-China trade war. Fears of a global recession triggered by the trade conflict have increasing led investors to gold as a safe-haven.

Do you want to learn more
about trading gold?
We can call you!

Risk Warning | Merit Forex Trading in leveraged products such as Forex and Contract for Differences (CFD's) involves significant risk and you may not only lose all of you invested capital but also sustain losses in excess of your deposited funds. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. You should seek independent financial advice prior to applying for opening a trading account with the Company.

Merit Forex is brand owned by Merit Financial Services Ltd a company incorporated in PO Box 1276 Port Villa Vanuatu Republic of Vanuatu Registration number 14787.

All information on this website is not directed towards soliciting citizens or residents of the United States and Switzerland.

Legal Documents | Risk Warning
Secured By SSL. © 2020 MeritForex., All Rights reserved.