Gold Price Over the Past 10 Years

Gold price have crashed lately and everybody is panicking while few are thinking about buying this precious metal for investment purpose. Well before you take any decision you should look at the gold price over the past 10 years.

Year                              Price of Gold

1. 2002                              $ 343
2. 2003                              $ 417
3. 2004                              $ 435
4. 2005                              $ 513
5. 2006                              $ 635
6. 2007                              $ 837
7. 2008                              $ 870
8. 2009                              $ 1088
9. 2010                              $ 1420
10. 2011                               $ 1531
11. 2012                              $ 1664

If one looks at the current price then one can see that it has gone below 2010 levels and one can see that this asset class has given multifold returns to investors over the years and this year seems to be bad for this asset class.