25. How has the gold price developed over the longer term?
Most of the historical charts of the Gold price They don't go back that far, because gold functioned as money for a long time or was pegged to money at a fixed rate. It is only since the abandonment of the gold standard that the gold price began to move freely. Due to credit growth, the gold price is many times higher today than it was thirty or sixty years ago, just as stock prices are many times higher than they were then. The following chart shows the price of gold and silver in dollars from 1968 to 2013.
By the way, the historical gold price in euros shows a more positive picture...
