Gold Bullion Market Yearly Average Price (1833 - Present)

Truth Warrior

Truth Warrior

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Gold Bullion Market
Yearly Average Price (1833 - Present)

1833 18.93
1834 18.93
1835 18.93
1836 18.93
1837 18.93
1838 18.93
1839 18.93
1840 18.93
1841 18.93
1842 18.93
1843 18.93
1844 18.93
1845 18.93
1846 18.93
1847 18.93
1848 18.93
1849 18.93
1850 18.93
1851 18.93
1852 18.93
1853 18.93
1854 18.93
1855 18.93
1856 18.93
1857 18.93
1858 18.93
1859 18.93
1860 18.93
1861 18.93
1862 18.93
1863 18.93
1864 18.93
1865 18.93
1866 18.93
1867 18.93
1868 18.93
1869 18.93
1870 18.93
1871 18.93
1872 18.94
1873 18.94
1874 18.94
1875 18.94
1876 18.94
1877 18.94
1878 18.94
1879 18.93
1880 18.94
1881 18.94
1882 18.94
1883 18.94
1884 18.94
1885 18.94
1886 18.93
1887 18.93
1888 18.94
1889 18.93
1890 18.94
1891 18.96
1892 18.96
1893 18.96
1894 18.94
1895 18.93
1896 18.98
1897 18.98
1898 18.98
1899 18.94
1900 18.96
1901 18.98
1902 18.97
1903 18.95
1904 18.96
1905 18.92
1906 18.90
1907 18.94
1908 18.95
1909 18.96
1910 18.92
1911 18.92
1912 18.93
1913 18.92
1914 18.99
1915 18.99
1916 18.99
1917 18.99
1918 18.99
1919 19.95
1920 20.68
1921 20.58
1922 20.66
1923 21.32
1924 20.69
1925 20.64
1926 20.63
1927 20.64
1928 20.66
1929 20.63
1930 20.65
1931 17.06
1932 20.69
1933 26.33
1934 34.69
1935 34.84
1936 34.87
1937 34.79
1938 34.85
1939 34.42
1940 33.85
1941 33.85
1942 33.85
1943 33.85
1944 33.85
1945 34.71
1946 34.71
1947 34.71
1948 34.71
1949 31.69
1950 34.72
1951 34.72
1952 34.60
1953 34.84
1954 35.04
1955 35.03
1956 34.99
1957 34.95
1958 35.10
1959 35.10
1960 35.27
1961 35.25
1962 35.23
1963 35.09
1964 35.10
1965 35.12
1966 35.13
1967 34.95
1968 38.69
1969 41.09
1970 35.94
1971 40.80
1972 58.16
1973 97.32
1974 159.26
1975 161.02
1976 124.84
1977 147.71
1978 193.22
1979 306.68
1980 612.56
1981 460.03
1982 375.67
1983 424.35
1984 360.48
1985 317.26
1986 367.66
1987 446.46
1988 436.94
1989 381.44
1990 383.51
1991 362.11
1992 343.82
1993 359.77
1994 384.00
1995 384.17
1996 387.81
1997 331.02
1998 294.24
1999 278.88
2000 279.06
2001 277.90
2002 279.06
2003 363.38
2004 409.72
2005 444.74
2006 603.46
2007 695.39

2008 900 ??
 
Where did you get that info from? That would be ideal to put in a graph and show people that the whole reason the fed was created actually didn't combat inflation.

Most graphs I see only start at 1913, so it's useless for showing how things were better before them.
 
sirellyn said:
Where did you get that info from? That would be ideal to put in a graph and show people that the whole reason the fed was created actually didn't combat inflation.

Most graphs I see only start at 1913, so it's useless for showing how things were better before them.
Click to expand...

http://www.barefootsworld.net/prophesy.html
about halfway down the page

A big part of the Fed mission is to "stabilize prices". Maybe it should have been to stabilize gold's price in dollar terms.

I like the graph idea. Go for it! :)
 
It's pretty easy to graph, I just did it in excel. It's not a pretty sight. I could put it here but I don't know how to post a picture that's on my computer and not on the web.
 
it'd be interesting to regress the natural rate of interest on that, but i have no clue if you could even find that data
 
Truth Warrior said:
try http://photobucket.com/
Click to expand...

Thanks! That worked nicely.

GoldBullionMarketYearlyAveragePrice.jpg
 
Keep in mind that gold prices were constant for so long because the dollar was defined in terms of gold while the US was on the gold standard.

Having a fixed price of gold doesn't mean that other prices were also fixed.
 
This is a more accurate account of what has been happening to the dollar.
If you compare it with the price of gold, you might get a pretty good idea of what is going on.

ValueofDollar_3080_image001-1.gif
 
Last edited:
Anybody have any graphs that are adjusted for inflation? I've heard that $850 in 1980 would be worth $2,208 in 2008 dollars. I would love a graph going back to at least 1913 that was inflation adjusted so I could accurate visualize the fluctuations of gold's value.
 
Flirple said:
Anybody have any graphs that are adjusted for inflation? I've heard that $850 in 1980 would be worth $2,208 in 2008 dollars. I would love a graph going back to at least 1913 that was inflation adjusted so I could accurate visualize the fluctuations of gold's value.
Click to expand...

This chart is the inflation:

You can see the inflation from 1913 to 2005 by seeing the amount of FRNs required to equal one 1913 dollar.

AmounttoEqual1913dollar-1.jpg


Hope this helps. :)
 
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