Gold dropped from $900 per ounce in the early 1980s to $ 3-400 in the 1990s, and even to $270 in the late 1990s. Then, with the stock market bubble, the depreciation of the dollar and the rise of emerging markets, the price of gold climbed from 270 to the highest of 700 dollars last year.

It has been hovering around $650 last year.

Look at this picture in detail.

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The third place on the left is the trend of 20 years.