Unlike jewelry, or numismatic coins, gold bullion has no artistic component in its value. Some people do not understand why without that artistic component a relatively useless material like gold should have such a high value.
Gold bullion bars can be money?
Gold bullion is real, honest money…and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.
Today, the beauty of a gold bar lies in its ability to diversify investments, protect wealth and preserve one’s purchasing power.
Charts show weekly data updated with the latest prices, 52 week exponential moving average and 52 week rate of change of prices. We have also included retrospective swing highs and lows of 10% or more, shown as red crosses.
Historical Gold Prices
This chart explains the gold prices on last 20 years