What Is The Highest Value Gold Has Ever Been

An all time record high value shows that the gold bull is very much alive and kicking.

What is the highest value gold has ever been. Since the record high gold prices have trended downward. Indeed using the moreau index to filter out the effects of currency exchange rates the chart above shows that the real value of gold ended 2008 at its highest value ever. As of 2015 the current price of an ounce of gold holds steady at 1200 1300 an ounce.

From capital gains benefits to the facts of gold price rises precious metals continue to be highly attractive. Dollar since the united states owned 75 of the world s gold. You must select a currency for gold first even if you don t enter a value for gold holdings.

Gold prices reached a record high price of 1 917 90 on august 23 2011. Great britain kept gold at 4 25 pounds per ounce until the 1944 bretton woods agreement. In august of 2011 the price of gold surpassed 1900 an ounce the highest price ever recorded for one ounce of gold.

Due to constraints on demand buying from dealers at that point would even involve a higher spot prices on gold and silver. It set the value of gold at 20 67 an ounce. Prices that year continued to hover around 1800 1900 an ounce but were unable to eclipse the record high.

The current price per unit of weight and currency will be displayed on the right. On the 6th of september 2011 gold peaked at usd 1921 41. On wednesday 10th may 2006 gold reached its record highest price ever in pounds sterling the morning london gold fix was 378 249 beating the previous peak of 371 066 on 21st january 1980 although in us dollars it is still 15 below its 850 peak.

Gold is trading close to 2 000 per ounce after a diplomatic row between the us and china the world s two largest economies worsened in recent days pushing investors into safe haven assets. As of march 2015 most gold is used in jewelry. That s when most developed countries agreed to fix their currencies against the u s.