The history of gold dates back millennia, having first been used as a monetary store of value as early as 500 BCE. Its role has shifted many times throughout the centuries, from serving as a form of currency and as a standard economic value basis to now primarily serving as a diversification hedge against risk and inflation.
Still, throughout the centuries, gold has always been relied on as a key indicator of the states of global economies and as a means for anticipating what may be on the horizon in terms of fiscal growth.
Here is a closer look at the history of gold and of gold prices throughout the past 50 years to help inform the direction gold may be headed in the coming years and why now is an ideal time to sell your gold.