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How much gold would $1 million buy at different points in history?
Gold (GC=F) prices were relatively stagnant for much of the 1900s. However, economic policy changes, world events, and inflation drove prices higher. Since 1970, gold prices have skyrocketed. If you were an early investor, your faith in that precious metal paid off. Here's how gold prices have changed over time — and what $1 million of gold would be worth in today's dollars. table The price of gold is driven by more than just the jewelry industry or gold collectors. Here are other factors that cause the price to fluctuate. Inflation Investors often turn to gold as a hedge against rising inflation. When the value ... (full story)