Rise of Gold Prices From 1968 To 2013

Gold Fixing Price

Here is the chart from the Federal Reserve Bank of St Louis showing the exponential growth of the price of gold from 1968 to 2013. Notice the rise of gold price from 1971 – the year of the Nixon Shock. The current fiat monetary system we are on sees the need to have more units of currency (e.g. USD) to buy the same 1 ounce of gold. The purchasing power of fiat currencies like the USD are consistently falling.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s