
Below, find the yearly price of one ounce of gold in US dollars, the average yearly inflation rate, and the amount of M1 currency in circulation as of Dec. of each year for 1947 through 2019. The price of gold and average inflation are listed for 1915 through 1946 (M1 currency information was not available for those years). For 1833 through1914, only the price of gold was available.
M1 currency consists of funds that are available for spending, including currency in circulation (such as in your wallet or the cash register at a store), traveler’s checks, and demand deposits (such as money held in a checking account). among other funds.
Year | Price of 1 Ounce of Gold (US Dollars) | Average Inflation Rate for Year | Amount of M1 Currency in Circulation in Dec. of Year (billions of US dollars) |
---|---|---|---|
2019 | 1392.6 | 0.0181 | 1713.1 |
2018 | 1268.49 | 0.0244 | 1626.7 |
2017 | 1257.12 | 0.0213 | 1527.4 |
2016 | 1250.74 | 0.0126 | 1422.4 |
2015 | 1160.6 | 0.0012 | 1340.4 |
2014 | 1266.4 | 0.0162 | 1254.3 |
2013 | 1411.23 | 0.0147 | 1162 |
2012 | 1668.98 | 0.0207 | 1092.3 |
2011 | 1571.52 | 0.0316 | 1003.5 |
2010 | 1224.53 | 0.0164 | 920.7 |
2009 | 972.35 | -0.0034 | 865.8 |
2008 | 871.96 | 0.0385 | 818.9 |
2007 | 695.39 | 0.0285 | 764 |
2006 | 603.46 | 0.0324 | 754.8 |
2005 | 444.74 | 0.0339 | 729.2 |
2004 | 409.72 | 0.0268 | 702.4 |
2003 | 363.38 | 0.0227 | 666.7 |
2002 | 309.73 | 0.0159 | 630.2 |
2001 | 271.04 | 0.0283 | 585.2 |
2000 | 279.11 | 0.0338 | 535.6 |
1999 | 278.98 | 0.0219 | 522.1 |
1998 | 294.24 | 0.0155 | 464.3 |
1997 | 331.02 | 0.0234 | 429 |
1996 | 387.81 | 0.0293 | 398 |
1995 | 383.79 | 0.0281 | 376.3 |
1994 | 384 | 0.0261 | 357.6 |
1993 | 359.77 | 0.0296 | 324.3 |
1992 | 343.82 | 0.0303 | 294.5 |
1991 | 362.11 | 0.0425 | 269.5 |
1990 | 383.51 | 0.0539 | 249 |
1989 | 381 | 0.0483 | 225 |
1988 | 437 | 0.0408 | 214.6 |
1987 | 447 | 0.0366 | 199.1 |
1986 | 368 | 0.0191 | 182.9 |
1985 | 317 | 0.0355 | 170.1 |
1984 | 361 | 0.043 | 158.4 |
1983 | 424 | 0.0322 | 148.6 |
1982 | 376 | 0.0616 | 134.8 |
1981 | 460 | 0.1035 | 124.6 |
1980 | 615 | 0.1358 | 117.4 |
1979 | 306 | 0.1122 | 106.9 |
1978 | 193.4 | 0.0762 | 98 |
1977 | 147.84 | 0.065 | 89 |
1976 | 124.74 | 0.0575 | 81 |
1975 | 160.86 | 0.092 | 74.1 |
1974 | 154 | 0.1103 | 68.2 |
1973 | 97.39 | 0.0616 | 61.9 |
1972 | 58.42 | 0.0327 | 57.3 |
1971 | 40.62 | 0.043 | 52.9 |
1970 | 36.02 | 0.0584 | 49.5 |
1969 | 41.28 | 0.0546 | 46.5 |
1968 | 39.31 | 0.0427 | 43.9 |
1967 | 34.95 | 0.0278 | 40.8 |
1966 | 35.13 | 0.0301 | 38.7 |
1965 | 35.12 | 0.0159 | 36.7 |
1964 | 35.1 | 0.0128 | 34.6 |
1963 | 35.09 | 0.0124 | 32.8 |
1962 | 35.23 | 0.012 | 30.9 |
1961 | 35.25 | 0.0107 | 29.9 |
1960 | 35.27 | 0.0146 | 29.3 |
1959 | 35.1 | 0.0101 | 29.3 |
1958 | 35.1 | 0.0273 | 29.2 |
1957 | 34.95 | 0.0334 | 28.9 |
1956 | 34.99 | 0.0152 | 28.8 |
1955 | 35.03 | -0.0028 | 28.4 |
1954 | 35.04 | 0.0032 | 27.9 |
1953 | 34.84 | 0.0082 | 28.2 |
1952 | 34.6 | 0.0229 | 27.8 |
1951 | 34.72 | 0.0788 | 26.6 |
1950 | 34.72 | 0.0109 | 25.4 |
1949 | 31.96 | -0.0095 | 25.5 |
1948 | 34.71 | 0.0774 | 26.2 |
1947 | 34.71 | 0.1465 | 26.8 |
Year | Price of Gold (US Dollars) | Average Inflation Rate for Year |
---|---|---|
1946 | 34.71 | 0.0843 |
1945 | 34.71 | 0.0227 |
1944 | 33.85 | 0.0164 |
1943 | 33.85 | 0.06 |
1942 | 33.85 | 0.1097 |
1941 | 33.85 | 0.0511 |
1940 | 33.85 | 0.0073 |
1939 | 34.42 | -0.013 |
1938 | 34.85 | -0.0201 |
1937 | 34.79 | 0.0373 |
1936 | 34.87 | 0.0104 |
1935 | 34.84 | 0.0256 |
1934 | 34.69 | 0.0351 |
1933 | 26.33 | -0.0509 |
1932 | 20.69 | -0.103 |
1931 | 17.06 | -0.0894 |
1930 | 20.65 | -0.0266 |
1929 | 20.63 | 0 |
1928 | 20.66 | -0.0115 |
1927 | 20.64 | -0.0192 |
1926 | 20.63 | 0.0094 |
1925 | 20.64 | 0.0244 |
1924 | 20.69 | 0.0045 |
1923 | 21.32 | 0.018 |
1922 | 20.66 | -0.061 |
1921 | 20.58 | -0.1085 |
1920 | 20.68 | 0.159 |
1919 | 19.95 | 0.1531 |
1918 | 18.99 | 0.1726 |
1917 | 18.99 | 0.178 |
1916 | 18.99 | 0.0764 |
1915 | 18.99 | 0.0092 |
Year(s) | Price of Gold (US Dollars) |
---|---|
1914 | 18.99 |
1913 | 18.92 |
1912 | 18.93 |
1911 | 18.92 |
1910 | 18.92 |
1909 | 18.96 |
1908 | 18.95 |
1907 | 18.94 |
1906 | 18.9 |
1905 | 18.92 |
1904 | 18.96 |
1903 | 18.95 |
1902 | 18.97 |
1901 | 18.98 |
1900 | 18.96 |
1899 | 18.94 |
1896-1898 | 18.98 |
1895 | 18.93 |
1894 | 18.94 |
1891-1893 | 18.96 |
1890 | 18.94 |
1889 | 18.93 |
1872-1888 | 18.94 |
1833-1871 | 18.93 |
Sources:
- Federal Reserve Bank of St. Louis, “Currency Component of M1,” fred.stlouisfed.org, Aug. 6, 2020
- Tim McMahon, “Historical Inflation Rate,” inflationdata.com, July 14, 2020
- National Mining Association, “Historical Gold Prices, 1833 to Present,” nma.org (accessed Aug. 7, 2020)
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