Statistics – History of Gold

4600 BC – 3000 BC – First use of gold in commernce, in the Ancient Near East / Mesopotamia (modern day Iran)

2600 BC – 1500 BC – Gold estaiblished as a standard for International Trade, Egypt

1091 BC – Gold currency Ying Yuan legalized in China

550 BC – 202 BC – Pure gold coins minted in Lydia (Turkey), followed by Greece, Middle East

202 BC – 400 AD – Gold coins widely used by the Roman Empire

1284 – 1300 – Ducat is the most popular gold coin in the world (Venice, Great Britain)

1717 – Gold Standard in Britain

1812 – Gold Standard in the Province of Canada in 1854, Newfoundland in 1865, the United States and Germany in 1873, followed by Australia and New Zealand

1900 – 1925 – Gold backing of paper currency, (Gold Standard Act, USA)

1933 – 1937 – Gold was made illegal for citizen of the USA

1944 – 1971 – Fixed exchange rate in gold for major currencies (Bretton-Woods)

1975 – Prohibition on individual ownership and trade of gold in USA is lifted

1980 – Record-high price on gold of USD 870 an ounce

2004 – First bullion-backed exchange traded fund launched in the USA

2009 – Investment demand in gold reached nearly USD 55 billion

2011 – Gold prices reached USD 1’900 an ounce and hit the new record high

2016 – Shariah Standard on gold introduced to Islamic Investors

2020 – Kryptnex® – the first Swiss gold-backed crypto currency launched. Return of the gold standard

2021 – Kryptnex® becomes available on Vienna MTF Exchange for investors