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<p>[QUOTE=&quot;Herberto, post: 5573726, member: 74222&quot;][ATTACH=full]1241522[/ATTACH] </p><p><br /></p><p>I googled and found that above graph from this site: <a href="https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp" rel="nofollow">https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp</a></p><p><br /></p><p>I assume the graph is correct, if not, then tell me. The internet is filled with correct and incorrect information.</p><p><br /></p><p><br /></p><p>I want to ask why the price took those various jumps and falls in the last 100 years? What specific events caused them?</p><p><br /></p><p><br /></p><p>I clearly remember the newspaper and televisions talked about Finance Crise in 2008, so I understand that the price soared. I also remember in late 2012 and early 2013 Cyprus sold their precious gold in bank, and thus the price of gold fell, fell and fell. And recently the Covid has caused the price to soar again.</p><p><br /></p><p>Now I am not 80 years old and I am not deep in economic history. That is the reason why I will ask why the price of gold soared and fell before.</p><p><br /></p><p>Here we go:</p><p><br /></p><p>I want to ask why the price fell in 1913-1920? That must be World War 1.&nbsp; Right?</p><p><br /></p><p>In 1931 it soared. It must be the Depression. Right?</p><p><br /></p><p>In 1934 and especially from 1940-1970 the price slowly became smaller and smaller. World War 2 did not affect the price?</p><p><br /></p><p>In 1972 it took a huge jump. I know that the Israelis won a war(s) against their Arab enemies, and some dictatorial oil sheiks decided to punish the West with ban on oil export? Has the price something to do with this?</p><p><br /></p><p>From 1988 to 2002 the price slowly fell, but there was a break in 1992-1993. Why?</p><p><br /></p><p>Also, from 2002 and onwards the price soared a little bit. I think it was Finance Crise in 2008 that caused the price to jump, but did 9-11-attack, Iraq-war and Afghanistan-war have effect on it?</p><p><br /></p><p><br /></p><p>I hope some seniors here who are in their 60s or 70s might want to explain me what specific events caused the various jumps and falls of the gold price.</p><p><br /></p><p>Remember that English is not my mothertongue, so bear with my poor grammar or bad spelling.</p><p><br /></p><p>Thanks[/QUOTE]</p><p><br /></p>

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