How has the price of gold evolved since the beginning of the century ?

The price of gold continues its natural increase with an increase of 25% in 5 years. This shows that even when the economy is stable, precious metals remain a safe investment.

An economic crisis is often synonymous with a surge in gold, and indeed, the financial crisis of 2008 is a good example of this inclination. Indeed, we noticed a peak in January 2009, with an ounce of gold (31 grams) reaching 700 euros. This is the consequence of the subprime crisis, and also a direct repercussion of the lack of confidence that Europeans have in banks, with a desire to return to the safe haven of gold. 

• 2010 to 2015: New records then balance

An interesting spike occurs in 2012, for a rather crazy reason: A large number of people believe that the end of the world is imminent, scheduled for December 21, 2012. It was then madness on the stock market, with an ounce of gold reaching €1,380. Then, the price of gold will rebalance and remain at around €1,000 per ounce for a few years to come.

After a stationary period, it is once again the great powers of this world that will have an impact on the price of gold. Indeed, the United States and China are embarking on a trade war in several sectors. People want to ensure they have enough gold reserves if imports become more difficult in the future. Added to this is the Covid-19 pandemic which is leading to a new distrust of banks and a need to secure its resources. The price of an ounce then reached €1,554, a historic record.

Geopolitical conflicts motivate much of the price fluctuations for precious metals, and this rule is confirmed again with the Russian offensives in Ukraine in February 2022. Gold will then reach a new record price with a price of €1,870 for an ounce. Following the same logic, the Israeli-Palestinian conflict will also have an impact on precious metals, with a price which then exceeds €2,000 per ounce. Since then, gold has continued its surge, and in May 2024, the price of an ounce remains at more than €2,200 per ounce.

When the economy is bad, gold is good. Remember to keep an eye on fluctuations in the economy to buy your gold before its price increases. This way, you will be protected during a possible crisis period and you will always be able to sell your gold at a high price.

Whether because of concerns about the end of the world or the famous Y2K bug, people tend to turn to gold when the future is uncertain. Here again, be attentive to social movements and social phenomena to buy your gold before its price rises.

Avian flu in 2005 or the Covid-19 pandemic in 2020, global epidemics and viruses have always had an impact on the price of gold. International news is a good source of information to prepare yourself for this eventuality. Indeed, the coronavirus was announced in China well before spreading in Europe, so it is possible to invest before the crisis and obtain the best possible price for your investment.

As mentioned previously, wars have a huge impact on the price of gold. Predicting the start of a conflict requires particular attention to international issues, presidential elections and diplomatic behavior. Once again, reading the news daily will give you a head start, and will give you the keys you need to know when to invest.

To conclude, the price of gold has continued to increase since 2000, and this is a reassuring trend. Indeed, if you had bought a 1kg ingot at the beginning of the century for €9,000, you could sell it today for more than €70,000. A nice increase which makes gold a safe value, and an ideal choice for investing your winnings. 

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