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Important milestones from the history of gold
1987
Gold was used in automotive industry in development and manufacture of safety airbags because it proved itself in practice as the most reliable material.
1996
The Mars Global Surveyor spacecraft with special gold-plated telescope was sent to Mars.
1999
New currency – euro – was introduced in Europe. In spite of that the newly established European Central Bank still maintains 15 % of its reserves in gold.
2000
U.S. astronauts observing the surface of Neptune and Uranus planets from Hawaiian Islands used special double telescopes with golden components.
2001
After the terrorist attack in New York followed by a sharp decline of share prices in world markets (particularly based on NASDAQ and DAX indices) the investors started again looking upon gold as the only safe harbour for their investments.
2006 - 2014
Gold became again the subject of interest of those considering investment and thesauration purposes. The gold price exceeded 600 US dollars for troy ounce in 2006, 1,000 US dollars for troy ounce in 2010 and on 5 September, 2012 it reached daily maximum of 1,920.80 US dollars which equals six times the price prevailing in the previous decades and almost two times the extreme apex of 1,980 US dollars for troy ounce. In 2014, the gold price was at a quite stable level of about 1,300 US dollars for troy ounce. It could be claimed it grew both in medium and long term; gold holders did not experience loss of its value.
2013 - 2020
Migrant gold. Not only because of the terrorism but also due to the still unfinished global crisis the confidence among central banks as well as among national governments declined disproportionately. Growth of the recognition that the best collateral is a gold kept at home or under better control resulted in 2013 in announcement of a plan (without any details) to remove the gold reserves of German Bundesbank from the cold war “safe harbour” in the vault of Federal Reserve Bank of New York back to Germany. 300 tons have been removed. By the end of 2020 all German monetary gold is to be transferred from USA to Germany. Germans also want to get back 347 tons of their gold deposited in France. Because only gold with verified purity rate kept at home counts. Germany is believed to have 3,400 tons of gold kept mostly abroad.
In spring of 2014, Ukrainian Central Bank reportedly had all its monetary gold nonpublicly removed to Federal Reserve Bank of New York using air transport in the fear from war approaching from the East.
In the first half of June, 2014, all gold reserves of Iraqi Central Bank stored at Mosul regional office were seized by men‑at‑arms of the Islamic State of Iraq and the Levant (ISIL) rebel army and used in an unknown way. As early as at the end of June ISIL proclaimed a new state – caliphate. Gold prey proves invariable functions of gold particularly in war and coup d'état environment of latently unstable countries artificially “staked out” by superpowers in the 20th century.
Other waves of physical shifts of gold in monetary reserves may be triggered by potential loss of confidence in major currencies and international and national monetary institutions.