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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com.
California Department of Mines and Geology: Map of California Active Gold Mines 2000-2001; California Department of Mines and Geology: The Discovery of Gold in California; Maryland. Maryland Geological Survey: Gold in Maryland Archived 2007-07-07 at the Wayback Machine; Texas. Handbook of Texas Online: Gold mining; Utah
Gold further rallied hitting new highs in May 2010 after the European Union debt crisis prompted further purchase of gold as a safe asset. [67] [68] [69] Since April 2001, the price of gold has more than tripled in value against the US dollar, [70] prompting speculation that the long secular bear market had ended and a bull market has returned ...
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The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.
“The wholesale retailer began selling gold online in September and 1 oz. gold bars on Friday were going for $2,069.99, with a limit of two bars per Costco membership,” CNN says.
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