Emperor Augustus, who reigned in ancient Rome from 31 BC. C. In 14 AD, he set the price of gold between 40 and 42 coins per pound. In other words, a pound of gold could produce 40 to 42 coins.

Currier, by the famous engraver Currier %26 Ives, produced this fantastic 1849 print of a large ship loaded with enormous quantities of gold and passengers returning from the California gold rush to New York to collect their loot. The following chart shows the price of gold since 1968, with some notable events in the gold market.