what is the track record of the gold prices within the last 10 years?

Question

The ups and downs of the gold price in the market for the last 10 years.

Answer 1

Just pull up a chart.

For instance, check finance.google.com

You can also look up how the gold stocks have done using $XAU.

or perhaps get some great insight from

http://gold-news.org/

Hope that helps!

Answer 2

the gold price has declined until about 5 yrs ago at 252 .since then it has broken through long term resistance and into a bull market.more recently it has corrected off its new high in the low 700s.the duration of the correction is near over, then up it goes again. Rising interest rates was the method used by Paul Volker in the late 70's to HALT inflation. So the gold price went up with interest rates. Richard Nixon took America off the gold standard in 69 to finance the Vietnam War. Since then the US$ money became "fiat " currency, increasingly becoming worth less. Thats why things cost more and more, the Fed creates money from nothing and the government overspends.

Answer 3

Gold is higher now than it ever was in the past 10 years. I seem to remember gold being $300-$400 about 10 years ago. In 2000, is was trading for about $250. Now, it is in the $550-$600 range.

You will find the price of gold will go up when the price of the US dollar goes down. The USD will fluctuate in price depending on the amount of inflation there is at the time (there's more to it, but inflation is one of the strongest indicators).

Generally at a time of high interest rates, gold will lose value, and falling interest rates will mean rising gold prices. I am not a fan of using it to make money, but it is a great hedge in ones portfolio to protect against inflation.

Answer 4

it's been rising steadily