12 September 2019 marks the centenary of the first gold price, or what is now known as the LBMA Gold Price. To mark this momentous occasion LBMA are planning a series of celebratory events during 2019. This article first appeared in Alchemist magazine as the first of four from Alered Connelly, PR Officer at LBMA, which draw on his academic analysis of the gold price over the last 100 years.
A brief history
On 12 September 1919, the Bank of England made arrangements with NM Rothschild & Sons for the formation of a free gold market and the establishment of a daily gold price.
The first “fixing” took place at 11am when the price of gold was settled at £4 18 s 9d by the five founding members: NM Rothschild & Sons (chair), Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins. The bids were made by telep...
Cet article est reservé uniquement pour les membres Premium. 75% reste à lire.
24hGold Premium
Abonnez-vous pour 1€ seulement
Annulable à tout moment