Gold shows an exciting path from speculative peaks to prolonged periods of stagnation and modern rapid growth.
📉 1980–1999
The era of the 'bear' market and stabilization
📌 1980 year — Historical peak.
In January 1980, the price of gold reached the then-record of $850 per ounce. This was driven by high inflation in the USA, the Soviet invasion of Afghanistan, and the Iranian crisis (Doesn't this ring a bell? 🤔?).
📌 Fighting inflation. The U.S. Federal Reserve, led by Paul Volcker, sharply raised interest rates. This strengthened the dollar and made gold less attractive.
📌 'Dead Period.' Throughout the 1990s, gold traded within $250–$400. In 1999, the price fell to a minimum of $252, which some analysts called 'the death of gold.'
📈 2000–2012
The golden decade and the financial crisis
✅ Beginning of growth. Since 2001, the price began to steadily rise due to the weakening dollar and the launch of the first gold ETFs (exchange-traded funds), which simplified access to the metal for investors.
✅ The 2008 crisis. The global financial crisis forced the world to seek a 'safe haven.' Gold crossed the $1000 mark.
✅ New peak 2011. Against the backdrop of the debt crisis in the EU, gold reached $1921 per ounce in September 2011.
🎢 2013–2026
Volatility and modern records
1️⃣ Correction (2013–2015). Prices fell to $1050 as the U.S. economy began to recover.
2️⃣ The COVID-19 pandemic (2020). A new surge of interest. In August 2020, gold crossed the $2000 threshold for the first time in history.
3️⃣ Modernity (2024–2026). Geopolitical instability, active purchases by central banks, and inflation expectations led to an incredible rally.
As of January 2026, gold has set new absolute records.
Today $PAXG touched the price of $5150👇
$XAU 5110$
When adjusted for inflation, the peak in 1980 ($850) would be equivalent to over $3000 in today's money. This means that the real purchasing power of gold only recently significantly exceeded the figures from 45 years ago.