Over the past 20 years, the story of gold has been remarkable. Twenty years ago, gold prices hovered around $1,000 per ounce, and now they have surpassed the $5,000 mark, with a cumulative increase of over 150%. During this period, the global economy experienced intense volatility—from the 2008 financial crisis and the 2020 pandemic crisis to recent geopolitical turmoil—yet gold has consistently played the role of a safe-haven asset. But the question is, will this upward trend continue? Is gold better suited for long-term holding or for swing trading?
Looking at gold historically: comparing prices from 20 years ago to today
To understand the investment value of gold, you need to extend the timeline. About 20 years ago, in 2005-2006, gold prices ranged between $500 and $600 per ounce; before the 2008 financial crisis, prices were around $800; in 2011, it reached a historic high of $1921. And by 2019,