How Much is 60 Grams of Gold Worth?

calendarMay 15, 2023 · 1 min read  ·
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For long periods of time, yes, gold is an excellent store of value.

Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

This doesn't mean that there haven't been ups and downs. Between 1980–2000, the price of gold declined considerably.

However, with governments printing more and more money due to the coronavirus and pension crises, it seems likely that gold will continue to hold its value well.

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