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the reason that the price of gold has changed so much from the 1850's is:
so many people have had sex so the government have decided something!!
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∙ 13y ago
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What was price of gold in 1850?
Gold is very valuable so in 1850 the price was $550.00.
What was gold worth in the 1850s?
The average price of gold in the year 1850 was $18.93 per ounce. In 1859, the price was the same. It did not change much until after the turn of the 20th century.
What effect did keeping the source of west African gold secret have on its price?
It increased the price of gold since it was believed to be scarce- supply and demand
How have gold and silver prices changed in the last decade?
The price of gold and silver have fluctuated in the last decade. One can learn more about the price of these metals as well as buy and sell gold and silver at some local jewelers.
How have the prices of 10 gold coin changed over the past 10 years?
The price of gold has increased abunch in the past ten years.
What cause international gold price go up or down?
The demand and supply of gold. Due to the credit crisis many people have decided to buy gold since the price of hold has always been very stable (doesn't fluctuate a lot) since more people demand gold, the price of gold has risen. This is with accordance to the law of Demand which states that if all other factors are held constant, then there will be a negative relationship between the quantity demanded and the price of a good. Thus the higher the demand for gold,the higher the price. try this site its useful http://gold-price-blog.info/
Who profited from the gold rush why?
People selling goods to the miners profited most from the gold rush since they sold it for a high price.
Is gold the most expensive?
Gold can be the most expensive, but it all depends on the economy. Even the price of gold CAN drop because of the economy. If the value of money decreases the value of gold increases because no one can afford it. Since we are currently in a recession, the price of gold is at its all time high.
Is it smart to invest in gold at this time?
Yes gold is a great investment right now. The problem is that since gold is selling at such a high price right now your initial cost is much greater than usual.
What was the Price of gold in 1969?
price of gold in 1969
Was an 1850 1.00 California Gold coin struck?
Yes,
Who discovered gold in Australia in the river in 1850?
No-one is recorded as having discovered gold in the river in Australia in 1850. However, Edward Hargraves discovered gold in Summerhill Creek near Ophir in 1851, and this sparked the Australian goldrush.
