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Gold Price

Origin, Significance, And Outlook

Physical gold is mostly bought and sold in OTC trading. By far the most important trading center since 1919 is the London Bullion Market. In twice held daily gold fixings the London Bullion Market Association sets the quality requirements to demand the "Good Delivery" standard, which includes a minimum purity of 99.5%. The fixed price is, however, always pure gold.

Parallel to the establishment of the U.S. dollar, gold price is quoted depending on the exchange rate of the Euro and British Pound. The current price of gold in Euros is almost never identical to the price in U.S. Dollars due to fluctuations in currency. It is useful to see gold as a commodity whose pricing is the relationship between supply and demand due to, yet still independently, changes in currency. In history, gold has always played a role as a reference for other currencies. Currencies were tied to the existence of gold deposits. From 1944 to 1971 this was under under the Bretton Woods system- the case in which the world's leading currency, the U.S. dollar, derived its legitimacy from the gold reserves of the United States. In August of 1971, under U.S. President Richard Nixon, the price of gold in U.S. dollars picked up, making the non-referential increase to the money supply in the form of a so-called fiat currency possible. Although gold has lost its importance as a stabilizing element for the U.S. dollar, it is still an indicator of the value of the U.S. currency. The price of gold today is like the "anti-dollar".

Gold Price In The Twenty-First Century

On each of the long-term gold price charts the phenomenal rise in gold prices in the 2000s with a temporary high in 2011 may well be read in reverse: that is, as a massive devaluation of the U.S. Dollar. In particular, this is demonstrated by the accelerated rise in prices in 2008, as a result of the banking crisis. During this time the scenario of a collapse of the dollar-based financial system was quite real. The reason that you cannot read this devaluation in the exchange rate, for example in the Euro, is because the European currency itself has lost much of its attractiveness. The yen, which reflects the strength and weakness of the Japanese economy, is not as good of a benchmark for the U.S. dollar. Gold, or the price of gold, plays a role that can currently not be replicated by any official currency. Halfway recognizable is the loss of value of world currency (except in gold) against the Chinese Yuan. This currency is however still not freely tradable and is set with ranges of variation tolerated by the Chinese government.


US Dollar Gold Price
Unit Currency Price Calculation
1g Gold US Dollar 41,60 $ 1oz ≈ 31.10 Gramm
1oz Gold US Dollar 1.293,90 $ 1oz ≈ 1,097 Unze
1kg Gold US Dollar 41.604,50 $ 1oz ≈ 0,031 Kilogram
Euro Gold Price
Unit Currency Price Calculation
1g Gold Euro 30,13 € 1oz ≈ 31.10 Gramm
1oz Gold Euro 937,11 € 1oz ≈ 1,097 Unze
1kg Gold Euro 30.132,15 € 1oz ≈ 0,031 Kilogram

Gold Price Forecast

The relative decline of the U.S. economy, the inability of the Euro to take on the role of world reserve currency, and the uncertainty of China's ambitions having their own currency- taken together are a good starting point for a long-term rise in the gold price. According to OECD estimates in November 2012, the United States will lose its position as world's largest economy to China in 2016. The International Monetary Fund already came to the same conclusion in April 2011. It is economically unreasonable to assume that the U.S. dollar can keep long beyond that date as the world reserve currency. It is equally unlikely that China will be able to accommodate the Yuan’s ascencion at such short notice. The result is likely to be great confusion and uncertainty.. Nobody can predict what the global financial system will look like in ten or even five years. This uncertainty is what will elevate the price of gold to new heights. Gold has been and always will be a safe haven in times of economic turmoil.


British Pound Gold Price
Unit Currency Price Calculation
1g Gold British Pound 24,77 ₤ 1oz ≈ 31.10 Gramm
1oz Gold British Pound 770,39 ₤ 1oz ≈ 1,097 Unze
1kg Gold British Pound 24.771,38 ₤ 1oz ≈ 0,031 Kilogram
Swiss Franc Gold Price
Unit Currency Price Calculation
1g Gold Swiss Franc 36,75 CHF 1oz ≈ 31.10 Gramm
1oz Gold Swiss Franc 1.142,97 CHF 1oz ≈ 1,097 Unze
1kg Gold Swiss Franc 36.751,45 CHF 1oz ≈ 0,031 Kilogram
Investing In Gold

While there are numerous ways to make money indirectly by investing in gold - options and certificates on gold and the shares of gold mining companies - none of these can equal in security the investment in physical gold. Physical gold as an investment is mainly available in two forms: gold bullion and gold coins. Due to higher production costs and the collector value, the price of coins is slightly higher than that of bullion. Gold bullion also has a proprietary security feature like that found on banknotes or identity cards. Argor-Heraeus is a licensee of this technology for gold bullion.

Gold Bullion And Gold Coins

Gold bars are available as parts of an ounce, multiples of one troy ounce, grams, or kilograms and again as parts or multiples of these units of weight. Heavier gold bullion and gold coins are cheaper than those in relation with lower weight. The price of gold for 1kg bullion is therefore significantly less than the price of 1000 1g-bars. This rule also applies to gold coins. Troy ounces, parts, and multiples are much more common than expenditures in grams or kilograms. Among the most famous gold coins include Gold Eagle (USA), Krugerrands (South Africa), Maple Leaf (Canada) Gold Panda (China) and Vienna Philharmonic (Austria).

Actual Gold Price in Euro Ask Bid
EUR 1/4oz 7,78g 234,399 234,341
EUR 1/2oz 15,55g 468,797 468,682
EUR 1oz 31,10g 937,594 937,363
EUR 2oz 62,20g 1.875,188 1.874,727
EUR 5oz 155,51g 4.687,970 4.686,817
EUR 10oz 311,04g 9.375,941 9.373,634
EUR 12oz 373,24g 11.251,129 11.248,360
EUR 20oz 622,07g 18.751,882 18.747,267
EUR 25oz 777,59g 23.439,852 23.434,084
EUR 1,0g 30,144 30,137
EUR 2,0g 60,289 60,274
EUR 5,0g 150,722 150,685
EUR 10,0g 301,444 301,369
EUR 20,0g 602,887 602,739
EUR 25,0g 753,609 753,423
EUR 50,0g 1.507,218 1.506,847
EUR 100,0g 3.014,435 3.013,693
EUR 200,0g 6.028,870 6.027,386
EUR 250,0g 7.536,088 7.534,233
EUR 500,0g 15.072,175 15.068,466
EUR 1kg 30.144,350 30.136,932
EUR 2kg 60.288,700 60.273,864
EUR 5kg 150.721,750 150.684,660
04/18/14 20:10:32
No responsibility is taken for the correctness of this information!
Actual Gold Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 323,845 323,695
USD 1/2oz 15,55g 647,690 647,390
USD 1oz 31,10g 1.295,380 1.294,780
USD 2oz 62,20g 2.590,760 2.589,560
USD 5oz 155,51g 6.476,900 6.473,900
USD 10oz 311,04g 12.953,800 12.947,800
USD 12oz 373,24g 15.544,560 15.537,360
USD 20oz 622,07g 25.907,600 25.895,600
USD 25oz 777,59g 32.384,500 32.369,500
USD 1,0g 41,647 41,628
USD 2,0g 83,295 83,256
USD 5,0g 208,237 208,141
USD 10,0g 416,474 416,281
USD 20,0g 832,949 832,563
USD 25,0g 1.041,186 1.040,704
USD 50,0g 2.082,372 2.081,407
USD 100,0g 4.164,743 4.162,814
USD 200,0g 8.329,487 8.325,629
USD 250,0g 10.411,859 10.407,036
USD 500,0g 20.823,717 20.814,072
USD 1kg 41.647,434 41.628,144
USD 2kg 83.294,868 83.256,288
USD 5kg 208.237,170 208.140,720
04/18/14 20:10:32
No responsibility is taken for the correctness of this information!
Actual Gold Price in British Pound Ask Bid
GBP 1/4oz 7,78g 192,995 192,940
GBP 1/2oz 15,55g 385,989 385,879
GBP 1oz 31,10g 771,979 771,759
GBP 2oz 62,20g 1.543,957 1.543,518
GBP 5oz 155,51g 3.859,893 3.858,795
GBP 10oz 311,04g 7.719,785 7.717,590
GBP 12oz 373,24g 9.263,743 9.261,107
GBP 20oz 622,07g 15.439,571 15.435,179
GBP 25oz 777,59g 19.299,464 19.293,974
GBP 1,0g 24,820 24,813
GBP 2,0g 49,639 49,625
GBP 5,0g 124,098 124,063
GBP 10,0g 248,197 248,126
GBP 20,0g 496,394 496,253
GBP 25,0g 620,492 620,316
GBP 50,0g 1.240,984 1.240,631
GBP 100,0g 2.481,969 2.481,263
GBP 200,0g 4.963,937 4.962,525
GBP 250,0g 6.204,922 6.203,157
GBP 500,0g 12.409,844 12.406,314
GBP 1kg 24.819,687 24.812,627
GBP 2kg 49.639,374 49.625,254
GBP 5kg 124.098,435 124.063,135
04/18/14 20:10:32
No responsibility is taken for the correctness of this information!
Actual Gold Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 286,182 285,952
CHF 1/2oz 15,55g 572,364 571,904
CHF 1oz 31,10g 1.144,727 1.143,809
CHF 2oz 62,20g 2.289,455 2.287,617
CHF 5oz 155,51g 5.723,637 5.719,043
CHF 10oz 311,04g 11.447,273 11.438,087
CHF 12oz 373,24g 13.736,728 13.725,704
CHF 20oz 622,07g 22.894,546 22.876,173
CHF 25oz 777,59g 28.618,183 28.595,216
CHF 1,0g 36,804 36,774
CHF 2,0g 73,608 73,549
CHF 5,0g 184,019 183,872
CHF 10,0g 368,038 367,743
CHF 20,0g 736,077 735,486
CHF 25,0g 920,096 919,358
CHF 50,0g 1.840,192 1.838,715
CHF 100,0g 3.680,384 3.677,430
CHF 200,0g 7.360,768 7.354,860
CHF 250,0g 9.200,960 9.193,576
CHF 500,0g 18.401,919 18.387,151
CHF 1kg 36.803,838 36.774,302
CHF 2kg 73.607,676 73.548,604
CHF 5kg 184.019,190 183.871,510
04/18/14 20:10:32
No responsibility is taken for the correctness of this information!