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Most of the historical charts of the Gold price We 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 the growth of the money supply, the price of gold today is many times higher than it was thirty or sixty years ago, just as stock prices are many times higher than they were then. The chart below shows that the price of gold has almost doubled in the last 5 years.
