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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 41,17 $ 1oz ≈ 31.10 Gramm
1oz Gold US Dollar 1.280,40 $ 1oz ≈ 1,097 Unze
1kg Gold US Dollar 41.170,42 $ 1oz ≈ 0,031 Kilogram
Euro Gold Price
Unit Currency Price Calculation
1g Gold Euro 31,37 € 1oz ≈ 31.10 Gramm
1oz Gold Euro 975,73 € 1oz ≈ 1,097 Unze
1kg Gold Euro 31.373,95 € 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 24,85 ₤ 1oz ≈ 31.10 Gramm
1oz Gold British Pound 772,72 ₤ 1oz ≈ 1,097 Unze
1kg Gold British Pound 24.846,30 ₤ 1oz ≈ 0,031 Kilogram
Swiss Franc Gold Price
Unit Currency Price Calculation
1g Gold Swiss Franc 37,90 CHF 1oz ≈ 31.10 Gramm
1oz Gold Swiss Franc 1.178,67 CHF 1oz ≈ 1,097 Unze
1kg Gold Swiss Franc 37.899,36 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 244,104 244,046
EUR 1/2oz 15,55g 488,209 488,092
EUR 1oz 31,10g 976,418 976,184
EUR 2oz 62,20g 1.952,835 1.952,367
EUR 5oz 155,51g 4.882,088 4.880,918
EUR 10oz 311,04g 9.764,177 9.761,836
EUR 12oz 373,24g 11.717,012 11.714,203
EUR 20oz 622,07g 19.528,354 19.523,672
EUR 25oz 777,59g 24.410,442 24.404,589
EUR 1,0g 31,393 31,385
EUR 2,0g 62,785 62,770
EUR 5,0g 156,963 156,925
EUR 10,0g 313,926 313,850
EUR 20,0g 627,851 627,701
EUR 25,0g 784,814 784,626
EUR 50,0g 1.569,628 1.569,252
EUR 100,0g 3.139,256 3.138,503
EUR 200,0g 6.278,511 6.277,006
EUR 250,0g 7.848,139 7.846,258
EUR 500,0g 15.696,279 15.692,516
EUR 1kg 31.392,557 31.385,031
EUR 2kg 62.785,114 62.770,062
EUR 5kg 156.962,785 156.925,155
09/02/14 06:14:34
No responsibility is taken for the correctness of this information!
Actual Gold Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 320,265 320,115
USD 1/2oz 15,55g 640,530 640,230
USD 1oz 31,10g 1.281,060 1.280,460
USD 2oz 62,20g 2.562,120 2.560,920
USD 5oz 155,51g 6.405,300 6.402,300
USD 10oz 311,04g 12.810,600 12.804,600
USD 12oz 373,24g 15.372,720 15.365,520
USD 20oz 622,07g 25.621,200 25.609,200
USD 25oz 777,59g 32.026,500 32.011,500
USD 1,0g 41,187 41,168
USD 2,0g 82,374 82,335
USD 5,0g 205,935 205,839
USD 10,0g 411,870 411,677
USD 20,0g 823,741 823,355
USD 25,0g 1.029,676 1.029,194
USD 50,0g 2.059,352 2.058,387
USD 100,0g 4.118,704 4.116,775
USD 200,0g 8.237,407 8.233,549
USD 250,0g 10.296,759 10.291,936
USD 500,0g 20.593,518 20.583,873
USD 1kg 41.187,035 41.167,745
USD 2kg 82.374,070 82.335,490
USD 5kg 205.935,175 205.838,725
09/02/14 06:14:34
No responsibility is taken for the correctness of this information!
Actual Gold Price in British Pound Ask Bid
GBP 1/4oz 7,78g 193,129 193,073
GBP 1/2oz 15,55g 386,257 386,146
GBP 1oz 31,10g 772,514 772,292
GBP 2oz 62,20g 1.545,028 1.544,584
GBP 5oz 155,51g 3.862,570 3.861,460
GBP 10oz 311,04g 7.725,140 7.722,919
GBP 12oz 373,24g 9.270,168 9.267,503
GBP 20oz 622,07g 15.450,280 15.445,838
GBP 25oz 777,59g 19.312,851 19.307,298
GBP 1,0g 24,837 24,830
GBP 2,0g 49,674 49,660
GBP 5,0g 124,185 124,149
GBP 10,0g 248,369 248,298
GBP 20,0g 496,738 496,595
GBP 25,0g 620,923 620,744
GBP 50,0g 1.241,845 1.241,488
GBP 100,0g 2.483,690 2.482,976
GBP 200,0g 4.967,380 4.965,952
GBP 250,0g 6.209,226 6.207,441
GBP 500,0g 12.418,451 12.414,881
GBP 1kg 24.836,902 24.829,762
GBP 2kg 49.673,804 49.659,524
GBP 5kg 124.184,510 124.148,810
09/02/14 06:14:34
No responsibility is taken for the correctness of this information!
Actual Gold Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 294,868 294,634
CHF 1/2oz 15,55g 589,736 589,268
CHF 1oz 31,10g 1.179,472 1.178,535
CHF 2oz 62,20g 2.358,944 2.357,071
CHF 5oz 155,51g 5.897,360 5.892,677
CHF 10oz 311,04g 11.794,719 11.785,354
CHF 12oz 373,24g 14.153,663 14.142,425
CHF 20oz 622,07g 23.589,439 23.570,708
CHF 25oz 777,59g 29.486,799 29.463,385
CHF 1,0g 37,921 37,891
CHF 2,0g 75,842 75,782
CHF 5,0g 189,605 189,454
CHF 10,0g 379,209 378,908
CHF 20,0g 758,418 757,816
CHF 25,0g 948,023 947,270
CHF 50,0g 1.896,045 1.894,540
CHF 100,0g 3.792,090 3.789,079
CHF 200,0g 7.584,181 7.578,158
CHF 250,0g 9.480,226 9.472,698
CHF 500,0g 18.960,452 18.945,396
CHF 1kg 37.920,903 37.890,792
CHF 2kg 75.841,806 75.781,584
CHF 5kg 189.604,515 189.453,960
09/02/14 06:14:34
No responsibility is taken for the correctness of this information!