This is the 5 year gold price chart, from GoldCore. Adjust the chart to see the gold price in different currencies and time periods.
Given the age in which we live, the five year gold price chart is an interesting tool. The events of the last five years were events that some of us could never have believed would occur, while others may have dismissed them as 'no longer' occurring or being the stuff of legend.
In the previous five, ten or twenty years, the global economy has undoubtedly been put through its paces. This is why the five year gold price chart is so fascinating. It provides a snapshot of how markets have reacted to the unexpected, systemic dangers, and risks that they have disregarded for far too long. But, it really is only a glimpse.
For thousands of years, gold has been utilised as money and as a harbour in a storm. The global economy has been hit by significant shocks before; the only difference today is that they appear to be coming at us harder and quicker.
The reasons for owning gold bullion are the same as they were five, 105, or 1,005 years ago. Gold is an effective hedge against fiat currency depreciation. Any institution cannot alter the existence, value, or price of gold because it is a borderless money. Gold is a safe haven asset that serves as portfolio insurance.
Gold is also a valuable resource. It's physical; you can touch it, store it, and move it around without leaving a trace. Gold is a tangible asset, yet unlike other tangible assets, it is extremely liquid. To buy or sell it, you do not have to go through any lengthy procedures. It's a pretty basic asset that simply sits there, waiting to protect your portfolio from the onslaught of bad policy making and ignored systemic risks.
If you'd like to add Gold to your portfolio and need some assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team would be happy to help.
December gold has just touched another all-time high of $3,733/oz, with silver climbing to a 14-year high at $43/oz. Markets are buzzing ahead of the U.S. Federal Reserve’s policy meeting, where a rate cut is widely expected – the first since November 2024. The move comes amid slowing U.S. growth and rising unemployment, with Fed […]
This week, the debate over the future of the Federal Reserve has escalated. Treasury Secretary Scott Bessent has gone beyond urging rate cuts. He has publicly criticised the Fed’s use of quantitative easing, its expanding involvement in regulation, and what he sees as broad mission creep. He and several Trump advisers, including Kevin Warsh and […]
Huge Gold Moves From London to New York
Gold Nears $3,000 – What Happens Next?
Is the U.S. About to Revalue Gold? What It Means for You!