Looking for 1961 Gold Chart | Metals Mine

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Looking for 1961 Gold Chart

  • #1
  • First Post: Sep 26, 2011 5:52am Sep 26, 2011 5:52am
Does anyone got 1961 gold chart? I want to know what's happen to gold when USA launch OT1 @ 1961, did gold having a big drop at that year?

I can only search the history gold price starting from 1970 only.

Thanks for help
  • #2
  • Sep 26, 2011 6:14am Sep 26, 2011 6:14am
Quoting carforum
Does anyone got 1961 gold chart? I want to know what's happen to gold when USA launch OT1 @ 1961, did gold having a big drop at that year?

I can only search the history gold price starting from 1970 only.

Thanks for help
There are yearly averages at http://www.nma.org/pdf/gold/his_gold_prices.pdf

On this level there is nothing special for 1961.

1959 35.10
1960 35.27
1961 35.25
1962 35.23
1963 35.09

Hope this helps.

P.S. What is OT1.
  • #3
  • Sep 26, 2011 9:12am Sep 26, 2011 9:12am
Quoting yg10
There are yearly averages at http://www.nma.org/pdf/gold/his_gold_prices.pdf

On this level there is nothing special for 1961.

1959 35.10
1960 35.27
1961 35.25
1962 35.23
1963 35.09

Hope this helps.

P.S. What is OT1.
OT = operation twist

i think the gold price listed as above were not correct? I am now sure, but in my chart, @ 197X, the price should be US$7XX instead of US$1XX
  • #4
  • Sep 26, 2011 11:41am Sep 26, 2011 11:41am
Quoting carforum
OT = operation twist

i think the gold price listed as above were not correct? I am now sure, but in my chart, @ 197X, the price should be US$7XX instead of US$1XX
According to http://www.kitco.com/scripts/hist_ch...rly_graphs.plx
price jumped 700+ only in 1980
  • #5
  • Sep 27, 2011 5:28am Sep 27, 2011 5:28am
Quoting carforum
Does anyone got 1961 gold chart? I want to know what's happen to gold when USA launch OT1 @ 1961, did gold having a big drop at that year?

I can only search the history gold price starting from 1970 only.

Thanks for help
In October of 1960, gold trading on the London gold exchange reached $40/ounce, which was $5 higher then the central bank’s target price. Rampant speculation that a Kennedy presidency would lead to more inflation, along with the building of the Berlin Wall and the U-2 spy plane incident, triggered fears about economic stability.

To curtail these fears, President Kennedy pledged in February 1961 that America would maintain the official price to our foreign creditors, and the price of gold fell to $35/ounce. Fearing a relapse, the international bankers of the BIS and the FED-US Treasury secretly formed the London Gold Pool. Each member of the Pool would pledge some of their gold to keep the London market suppressed. The Bank of England would dump their gold on the London market whenever necessary, and at the end of each month the other members would reimburse the BoE in accordance with the percentage of the pool they owned.

http://towneforcongress.com/economy/...l-1961-1968-1/
  • #6
  • Oct 1, 2011 4:04pm Oct 1, 2011 4:04pm
Try here for data http://wikiposit.org/w?filter=Finance/Commodities/

It seems like even adjusting for inflation, gold today is really expensive. I think it's a bubble...
  • #7
  • Oct 13, 2013 1:50am Oct 13, 2013 1:50am
Hello & Greetings everyone. Can anyone here pioneer can tell me where can I find or download the gold chart from 1900 and insert them in MT4/MT5? I really want do an analysis research from the start.
  • #8
  • Last Post: Oct 24, 2013 8:35am Oct 24, 2013 8:35am
Quoting starvsx
Hello & Greetings everyone. Can anyone here pioneer can tell me where can I find or download the gold chart from 1900 and insert them in MT4/MT5? I really want do an analysis research from the start.

I don't know about putting any chart from that era into Mt4 unless you were to somehow add the data points manually as the price barely moved in those days.

But, if you want to pull historical charts you can find them here.

http://www.kitco.com/charts/

Go to the right side under historical charts and put in the desired year/month...

The best you're going to get is this, below,

also the price was under 50 USD for over 100 years and experienced it's first parabolic move after 1968 as you can see below.

Personally I would just try and start using data from 1975/1980 when there were such things as computers LOL.
Likely you will have a lot more resources and better luck trying to do whatever it is you are looking to with the data and the MT4 platform.
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