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Gold Throughout HistoryThroughout humanity’s history, our ancestors have treasured gold greatly. Gold was incredibly popular in nearly every ancient civilization around the globe. The precious metal was used in countless different ways, such as jewellery, clothing, artwork, and much more. The precious metal itself has become an icon and symbol of wealth, prosperity, and treasure.
Gold as an InvestmentGold is just as popular today and continues to be iconic all around the world. This precious metal is also known as the world's most popular precious metal to invest in. In today’s day and age, the value of investments fluctuates all too much. Therefore, gold bullion is one of the healthiest and safest investments when it comes to market crashes and fluctuations. Gold’s wealth preservation qualities are one of its most popular qualities. As an investment, gold is one of the safest and most reliable assets out there. Precious metals have a unique relationship with the trends in the stock markets. As the dollar depreciates in value, precious metals such as gold appreciate in value as well. Essentially, precious metals such as gold are safe from inflations or crashes in the market. Throughout history, gold bullion has performed exceptionally through market crashes and inflation. In fact, gold prices actually rise after major crashes in the market.
The Price of Gold Today and Gold Price Chart
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Everlasting Value of Precious Metals
Precious metals such as gold, silver and platinum have been viewed as symbols of wealth for centuries, dating back more than 5000 years. Not only do they hold significant financial value protecting their holder from the debasement of physical coinage as seen in the times of Rome and overall inflation of paper fiat currencies as seen in more modern times, but these materials have unique qualities that makes them everlastingly valuable to any civilization regardless of how advanced it is. To better understand why these metals are so treasured throughout history, it's important to explore their characteristics and how these characteristics make them so desirable.
Gold, for example, has a high conductivity rating and is resistant to oxidation and corrosion, making it ideal for use in electrical connectors, coins and jewellery. It's also relatively soft and malleable which allows it to be easily shaped into intricate objects which is why you see it used in palaces, churches, castles, mansions, etc. so often. The lustre of gold does not fade over time either, which ensures its beauty matches its value as long as gold is present on earth.
Silver is another widely used precious metal due to its antimicrobial properties, its ability to reflect light, and the fact it is in fact the MOST conducive metal on earth passing even copper which is the most widely used electrical metal due to there being far more of it on earth. .If silver was used to the same extent copper was, we would run out in as short as one year.While that may seem like a each, in 2023, due to how many uses silver has in regards to advancing a society in a digital age, the Silver Institute is projecting a near 200 million ounce DEFICIET, meaning the world needs 200 million ounces more silver than are available above ground. This is why many are projecting the price of silver to skyrocket over the coming years.
Silver has been and is still used in coins, medical tools, jewellery, photography and even electronics. Its reflective qualities make it popular in mirrors, while its antimicrobial properties are ideal for use in utensils and medical equipment.However, it is its scarcity that makes its most popular use a store of value similar to how people view and use gold.
Finally, platinum is extremely resistant to corrosion and oxidation, which makes it ideal for use in equipment that works with corrosive liquids or gases. Its strength and shimmer also allows it to be used as jewellery without fear of being damaged. Platinum's naturally white colour makes it a popular choice for wedding bands and other pieces of jewellery.However, due to platinum being more scarce than both silver and gold, its use as a store of value continues to rise amongst the public.
Precious metals collectively have a long and storied history of being used to craft intricate artwork, reflect light in beautiful ways, power electronics, and most importantly, store value over long periods of time. Their physical characteristics make them everlastingly valuable, giving them a timeless and unique appeal that has kept them sought-after throughout the ages. Whether it's for investment purposes or simply for pleasure, understanding the value of precious metals can help you make more informed decisions when it comes to investing in them.
Unearthing the Mysteries of Gold: A Comprehensive Guide to its Price Determinants
Gold has been a symbol of wealth and status for centuries upon centuries, with its allure and value standing the test of time regardless of what the world is going through.Its yellow lustrous hue has captivated people from around the world as its intrinsic value is seen in its uses from electronics to investments. But why is gold so valuable? Why, no matter what the world is going through do people continue to turn to gold to help protect their wealth?.The answer lies in the many factors that determine its price.
The most important factor today due to the scarcity of precious metals as a whole is the supply and demand of gold. The amount of gold available in the market can have a major impact on the price because simply put, when there is more supply than demand and gold is flooding the markets, prices will naturally go down; as opposed to when there is more demand than supply, prices will go up. This can be due to industrial factors such as jewellery making or technological advances, political movements or global tensions causing citizens to rush to protect themselves from a loss in purchasing power during chaotic times, and central bank reserves as even those that print fiat currency understand that without a tangible reserve of precious metals in their vaults, they are at risk of seeing their financial health plummet if their fiat currency begins to inflate and lose value.
Speaking of fiat currencies, currency exchange rates also play a role in determining gold prices since it reflects how much of a currency must be paid for one ounce of gold, which is really a reflection of that currency’s strength or weakness.
In addition to supply and demand, investment sentiment also plays a role in determining the price of gold. Because of this, gold is seen by many as a safe-haven asset during times of financial instability or global uncertainty as it tends to increase in value during periods when other assets, namely stocks, bonds, and potentially real estate are decreasing significantly. As investor confidence increases or decreases, so does their interest in buying or selling gold which can affect its price as well.
Geopolitical events can also affect gold prices due to increased risk-aversion among investors looking for ways to diversify their portfolios away from unstable markets and currency devaluation that sometimes accompanies political turmoil. For example, when tensions rise between two or more nations, investors often flock towards assets such as gold, which are viewed as less risky investments compared to stocks or bonds, which may be adversely affected by geopolitical tensions.The main reason this is done, is in times of mass uncertainty, citizens feel more comfortable holding a PHYSICAL asset with incredible scarcity rather than an intangible, digital asset that holds counter-party risk.
Finally, inflation and economic growth also impact the price of gold due to their influence on foreign exchange rates which can help determine how much of a countries currency needs to be exchanged for an ounce of gold at any given time.This is because depending on prevailing economic conditions such as GDP growth rate, inflation, unemployment or political stability within a country or region, gold is there to back the value of the paper currency in circulation.If a country needs to print massive amounts of currency to pay off their debt, gold is there to absorb the loss of value in the paper currency due to the supply being heavily diluted.
When taken together, these various factors contribute to forming an intricate web that helps determine the price of gold over time and in each individual country.No single factor exists that determines gold’s price wholly but rather multiple factors collectively interact with each other to give us gold’s value on any given day.Although there are some basic determinants underlying this complicated process and some factors may have a larger impact than others, understanding them will give you insight into why this precious metal continues to remain so highly valued today, and when the best time to purchase gold may be.
Precious Investments: Why and When to Purchase Precious Metals?
When it comes to investing, gold and other precious metals can be an incredible choice for people of all ages and cultures. Investing in gold and other precious metals is often seen as a hedge against economic uncertainty and rampant inflation caused by central banks continuously printing more of their country’s currency to allow them to pay off their ever-increasing debt. Gold keeps them in check, as gold prices traditionally increase as more currency floods the market, but also when the market is uncertain or nervous about what they are seeing, such as times of political or economic turmoil often caused by geopolitical tensions rising. This makes gold and other precious metals an attractive asset to hold for long-term investments, passing them down generation after generation due to us never knowing when the world will face difficulty, and it is better to be prepared and have nothing happen, than be unprepared and have something happen.
The best time to purchase gold and other precious metals is when their prices are low and times are calm, getting out ahead of any drama the world may see as when gold and other precious metals price decides to rise, they rise QUICKLY.This allows investors to buy more ounces at a lower price, thus providing potential for higher returns on their investment if the price were to rise again, while also protecting them from the loss in purchasing power seen in the fiat currency.If you wait until the price has already begun to rise, as most citizens wait until they feel they can’t lose, you will get far less metal for your money. However, this should not be done without doing research first.
It's important for investors to understand trends in the market, such as past price movements of gold and other precious metals, why and when these price movements happened, and be able to identify opportunities for buying and selling accordingly.Due to history not repeating itself exactly, but certainly rhyming, we can look back at history to see what was happening in the world when prices of precious metals were rising or falling, and use that to gauge if we are seeing something similar play out today.This can be one of the better indicators for price movement in these assets.
Gold also has additional benefits that make it a great choice for long-term investments. Gold is seen as a safe haven investment since it continues to hold its value over time regardless of any external forces or events that could affect stock markets or fiat currencies negatively.This being due to the overall scarcity of gold, its inability to corrode and disappear while sitting in a vault, and also how difficult/costly it can be to pull it out of the ground in the first place.As a result, gold offers diversification benefits – meaning that it can act as an insurance policy against risk in portfolios with stocks or bonds – by reducing overall portfolio volatility. The same can be said for other precious metals such as silver and platinum.
It should also be mentioned that purchasing gold and other precious metals could additionally provide investors with greater control over their assets since physical holdings are easily purchased from dealers or brokers online or in person. Unlike stocks that can only be sold through exchanges regulated by governments or financial institutions, owning physical gold, silver, or platinum means that you have full control over your investments at all times without having any intermediary involved in the process.Also, once you purchase any precious metal, you have that asset in your own possession, meaning you can do whatever you choose with it, unlike stocks where we no longer receive the physical stock certificate verifying ownership, adding a level of risk to stocks that just is not present in precious metals.
In conclusion, investing in gold and other precious metals can be beneficial both in terms of diversifying an investment portfolio, adding a level of insurance to your investments/wealth, and providing potential for fantastic returns on lower initial costs if bought when prices are low. For these reasons, understanding the market trends of gold and other precious metals is key before investing so that one can identify when the best time would be to purchase them for maximum return on their investment over time.
Gold: A Precious Metal and Financial Barometer
Gold has long been regarded as a valuable precious metal with its uses dating back thousands of years and no one civilization on record has ever seen gold as being a worthless pet rock.That being said, because its long-standing role as an invaluable asset, it can also be effectively used as a financial barometer to measure what is happening in the global financial system as a whole and what risks may be surfacing.
Gold prices are affected by many factors such as inflation, interest rates, currency exchange rates, supply of available above ground ounces and political instability, all of which can also have an immense impact on the stability of the global economy. This means that gold not only serves as a store of value for its holders but can also provide insight into where we are headed financially as a whole.
By carefully tracking gold’s movements and analyzing them in relation to current economic/geopolitical conditions, precious metal investors and citizens alike can gain valuable insights into how the global economy is faring. In times of uncertainty or increased risk as we have seen in times of war, gold often provides a useful measure of how far investors and traders are willing to weather the storm before they move to protect themselves with precious metals such as gold.
By taking into account gold’s price movements, financial analysts can get a better understanding of where we stand and what the future holds for us. Often when you see gold prices move lower, it is at a time of calmness throughout the world, but as soon as you see gold prices start to rise, it is usually in response to mass uncertainty across the world – and this has been the same throughout history.
Therefore, it is clear that gold is not just a valuable precious metal but also serves as an important indicator of global economic health. Its current price movements indicate where we are heading financially - providing valuable insights into the state of the global economy while also serving its purpose of being a safe-haven asset when fiat currencies lose their value due to mass printing in times of chaos to fund wartime spending, increasing debts, etc.As such, it should be closely monitored not only by investors, politicians, and economists alike, but also your everyday citizen, even if they are not into investing in order to gain a better understanding of our fiscal landscape and the health of the world as a whole.
This is why gold has become an essential tool for those looking to track the global financial system. It provides investors and economists with a real-time measure of market sentiment and economic stability. By analyzing current price movements in relation to other key indicators, it can help us better understand where we are headed financially in the long-term. Gold thus serves both as a valuable precious metal and as a reliable barometer of the global economy - making it an invaluable resource when it comes to gauging economic health. Additionally, gold’s intrinsic value makes investing in it a secure option in times of uncertainty or risk, which further demonstrates its importance as a financial asset.
In short, understanding gold’s role and value in the global financial system is essential for any person, in any country across the world.With its unique properties, gold serves as a valuable measure of economic sentiment and stability - making it an invaluable tool for those looking to stay informed on the current state of the global economy.
Golden Trends: Charting the Path of Gold Prices the Last 100+ Years
The price of gold has experienced tremendous fluctuation (in most cases to the upside) in the past 100+ years, with major moves in price coming when the United States government signed the Gold Confiscation Act into law in 1932 and then again when Richard Nixon subsequently removed the United States Dollar from the gold standard on August 15th, 1971. In 1932, the price of gold was $20.67 per ounce; it was then when the government signed into law that if you did not hand your gold over to the government, you would face 10 years imprisonment.However, the thing about gold and other physical assets is there was really no way for the government to know which citizen held gold, so this was ultimately used as a scare tactic.
This was proven to be true, as after many citizens complied and handed over their gold for United States Dollars, in 1933, just 1 year later, the government revalued gold from $20.67 per ounce to $35 per ounce. This act nearly doubled the purchasing power of the government who now had the gold, and in the process devalued the purchasing power of citizens that turned in their gold in for USDs by nearly 100% overnight. Those that decided to keep their gold saw their purchasing power skyrocket just as the governments did. Then in 1971, with the price of gold still at $35 an ounce, Richard Nixon, as mentioned earlier, took the United States off the gold standard, severing ties between the USD and gold.When this happened, the price of gold rose 2328.57% in just nine years to reach its highest recorded level of $850 in January of 1980.
From 1979 onwards, there has been an overall increasing trend in gold prices as a result of ever-increasing demand for gold investments due to heightened inflation rates around the world caused by mass fiat currency printing in every country.Today, in relation to USDs, the price of gold has been hovering around $2000 per ounce.
The story of gold's price trends over the past 100+ years reveals much about global economic movements throughout this time period and provides insight into what we might expect going forward. For example, since 2002 there have been two major increases in demand for physical gold driven by investor fears during times of market volatility and political instability - first during the Great Financial Crisis of 2008 when the United States housing market began to collapse, and then again during times of Brexit uncertainty in 2018. This suggests that investors see gold as a safe haven asset even when other assets are declining rapidly - something that could potentially be taken advantage of in future periods of uncertainty or risk aversion.
This trend again appeared towards the end of 2012 with prices continuing to rise through 2019 before experiencing a slight dip due to world lockdowns, only to quickly rebound back near all time highs due to geopolitical tensions rising causing mass economic uncertainty. Despite these ups and downs, gold prices have generally followed well established long-term trends with peaks occurring every decade or so – indicating that this metal remains as valuable as ever despite external circumstances that may temporarily affect its value.
In addition, it is interesting to note how the value of gold is still heavily impacted by currency fluctuations - particularly US Dollar strength or weakness and inflation levels within different countries. As such, tracking changes in these macroeconomic indicators can provide valuable insight into where we might expect future price movements to go next - regardless if it is up or down, indicating good times to sell or incredible times to buy.
Ultimately, dissecting gold’s price history makes it clear how valuable an asset it is when it comes to storing wealth long-term, as since that time of $20.67 per ounce over 100 years ago, the price of gold has risen over 9400%. Overall it's clear that understanding the history behind golden trends can help us gain insight into how global markets will move going forward - making it an important tool for all investors who want to make informed decisions about their portfolios and to ensure they have portfolio insurance for a rainy day.
Au Bullion Precious Metal Tracking Capabilities
When it comes to tracking your precious metal investments, it is important to know how your precious metal cost per ounce average compares to the current market value of silver, gold, and/or platinum to ensure you are able to make informed and well-timed decisions when either selling your metals for a profit when prices are high or choosing to add to your holdings when prices are low. We know because prices of these assets can fluctuate on a daily basis, having a way to stay on top of those moves is incredibly beneficial. Below are a couple ways Au Bullion’s precious metal tracking capabilities can help you make the best decisions when it comes to your precious metal investments.
Precious Metal Price Tracking Alerts
Here at Au Bullion we utilize price-tracking software, which allows for our team to help you swiftly and accurately stay on top the price of precious metals on an hourly basis. If you so choose, you are able to set your ideal silver, gold, and/or platinum price per ounce through our app or website, and our Au Bullion team will send you a notification directly in a timely manner via text or email when the current market price of each precious metal has reached your target.
Benefits of Receiving Price Tracking Alerts
For starters, receiving price alerts will more easily help you maximize the Return On Investment (ROI) for your silver, gold, and/or platinum bullion purchases due to you being quickly notified when your price target for selling has been reached. We understand people’s days can be hectic, and not everyone has time to check prices every hour, this feature will ensure you never miss a target price to sell.
The same goes for when you do not want to miss a dip in price creating a purchasing opportunity, as we will keep you up-to-date with incremental changes in the precious metal market, ensuring you never miss another buying opportunity.
Where to Track Daily Gold Prices?
On our Au Bullion website and/or app, we have created features that provide real-time precious metal price updates that are very user friendly. In addition to that, we also have interactive graphs with information that spans back decades, allowing you to get more in-depth with your own price tracking. Once you have a better understanding of the historical trajectory of the price of silver, gold, and/or platinum it will become far easier to make an informed purchase. We encourage you to use our in-house tracking capabilities today to more closely monitor live precious metal prices in order to stay on top of your bullion investments.
More Gold Price Questions
What factors influence the price of gold?
The price of gold is influenced by a variety of factors, including supply and demand, inflation, currency fluctuations, central bank policies, geopolitical risks, and economic indicators. For example, gold often acts as a "safe haven" asset, meaning that its price may increase during times of economic uncertainty.
Why does gold price fluctuate?
Gold prices fluctuate due to changes in supply and demand, market speculation, and economic or political events. For instance, when investors are worried about the economy, they often buy gold, which can drive up its price. Conversely, when the economy is strong, investors may sell gold to invest in riskier assets, which can lower its price.
How is the price of gold determined?
The price of gold is determined by the London Gold Market Fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms. Additionally, there is a live gold price, known as the spot price, that changes according to supply and demand in global markets.
Why is gold considered a safe investment?
Gold is considered a safe investment because it is a tangible asset that retains value over time, isn't subject to inflation like currency, and can act as a hedge against economic uncertainty or currency fluctuations.
Does gold price rise during inflation?
Yes, the price of gold typically rises during inflation. This is because as the value of paper currency falls, the relative purchasing power of gold tends to increase.