The Price of Gold, 1257 - Present.
Whether as the basis for the monetary unit of a country, or in its role in comparison to the currency price of silver, the price of gold has long been a subject of great interest to both the scholar and the general public. Below are five series for determining the value of gold historically:
- British Official Price for the years 1257 to 1945
- U.S. Official Price for the years 1786 to 2011
- New York Market Price for the years 1791 to 2011
- Gold/Silver Price Ratio for the years 1687 to 2011
- London Market Price for the years 1718 to 2011
To help understand where the historical data come from, you should read What Was the Price of Gold Then? Importance, Measurement, and History (25K PDF). The specialist or the serious user will also want to read What was the Price of Gold Then? A Data Study (111K PDF). This essay considers the five gold-price series one by one and provides a detailed description and evaluation of the existing work on the specific price.
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Note on Data Revisions.
Citation
Lawrence H. Officer and Samuel H. Williamson, "The Price of Gold, 1257 - Present.,"
MeasuringWorth, 2011
URL: http://www.measuringworth.com/gold/
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