Gold has been used as a safe-haven for storing wealth and as a currency for hundreds of years. Because of its propensity to remain steady or to increase in value, it’s become one of the most valuable of the precious metals to investors. However, it is gold’s recent modern history that is the most fascinating. Over the past 40 years, the value of gold has skyrocketed on a number of occasions. From 1971 to 2011, there have been a series of bear and bull markets due to various historical and economic reasons, driving the price of gold from $43 to approximately $1,895. Check out the Modern History of the Gold Market to learn more about the amazing ascent of gold prices and how to invest with Lear Capital.
