because gold started with a high value from the beginning(see the all time chart, it was at 400 since the beginning) so this seems that people really wanted good even before, so disperately that the demand was crazy already
400 what? Can you share this "all time chart"?
but there are others, i don't know if they are reliable with the 1914 date, but as you see is even above 400
gold never remained to zero or very low value, even at beginning like bitcoin