Why in this century gold prizes are increasing at much higher rate in compare to

  1. pedagog profile image82
    pedagogposted 5 years ago

    Why in this century gold prizes are increasing at much higher rate in compare to previous century?

    graph from goldprice.org is given for observation and analysis or you can go to the site and analyse in other way.

    https://usercontent1.hubstatic.com/6618662_f260.jpg

  2. BrianMI6 profile image59
    BrianMI6posted 5 years ago

    Probably because the entire world is being driven to an economic collapse that will make the last 5 years look like a walk in the park and the smart people who have money are looking to avoid it.  When all the currencies fail and we have to put together a one-world-government with a one-world-currency, it's going to be a bad period of transition.  Gold will still have value when the changeover is made though.

  3. MrBecher profile image60
    MrBecherposted 5 years ago

    Relative to what?

    If you're asking relative to the dollar, then it might be worth looking at the percentage increase rather than just the nominal increase. The reason being that if the beginning of the 1780s, the price of gold jumped up from $.05 to $.10, it wouldn't even show up as a blip on the graph, but it was in fact a tremendous leap of +100%, which is much more significant than the $500 to $510 shown on the graph.

    But the other thing to look at is why throughout the 80s the graph takes such a upswing, and you can thank monetary policy for that, blaming Carter through Obama and the Federal Reserve.

 
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