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  2. Gold as an investment - Wikipedia

    en.wikipedia.org/wiki/Gold_as_an_investment

    Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.

  3. Precious metal - Wikipedia

    en.wikipedia.org/wiki/Precious_metal

    One of the largest bullion coins in the world was the 10,000-dollar Australian Gold Nugget coin minted in Australia, which consists of a full kilogram of 99.9% pure gold. In 2012, the Perth Mint produced a 1-tonne coin of 99.99% pure gold with a face value of $ 1 million AUD, making it the largest minted coin in the world with a gold value of ...

  4. Bullion - Wikipedia

    en.wikipedia.org/wiki/Bullion

    The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold bullion bars and 90% for bullion coins. [2]

  5. When salt was gold: The evolution of two commodities

    www.aol.com/salt-gold-evolution-two-commodities...

    An ounce of salt could once be traded for an ounce of gold. Now, the idea is laughable, with the cost of gold reaching over $2,000 per ounce while 26 ounces of salt is valued at just $1.

  6. A gold bar is now worth $1 million

    www.aol.com/finance/gold-bar-now-worth-1...

    The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal. Skip to main content. 24/7 Help. For premium support please call: ...

  7. London bullion market - Wikipedia

    en.wikipedia.org/wiki/London_bullion_market

    Internationally, gold is traded via over-the-counter (OTC) transactions, with trading on the New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). Twice daily, at 10:30 AM and 3:00 PM (local time). the LBMA publishes the gold price in US dollars. [1] These forward contracts are known as gold futures contracts. Spot gold is ...

  8. Gold fixing - Wikipedia

    en.wikipedia.org/wiki/Gold_fixing

    The gold price was determined to be £4 18/9 (GBP 4.9375) per troy ounce. The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane.

  9. 1970s commodities boom - Wikipedia

    en.wikipedia.org/wiki/1970s_commodities_boom

    The United States weaned itself off the gold standard in the 1970s, allowing the price of gold to float. The price of gold went from a set exchange rate of $42.22 per troy ounce in 1973 to almost $200 per ounce in 1976. [9] [verification needed] Price of gold 1915-2022

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