assets · sound money ratio
s&p 500 priced in gold
current spot ratio
19.7799
denominated in gold oz
1-day change
-1.27%
30-day change
+6.11%
30-day range
18.8903 - 20.6427
sound money analysis & perspective
nominal stock market gains adjusted for monetary debasement. when gold rises faster than equities, this ratio falls, revealing that purchasing power is decaying even while the index prints new highs. this chart is useful for portfolio reality-checks: it answers whether equity beta is compounding real wealth or merely matching the dilution of the dollar. since the late-1990s peak, the s&p 500 priced in gold has spent decades in a structural flatline, a pattern no inflation-adjusted dollar chart can reproduce. there is no substitute for this ratio if you need a single, continuous measure of equity purchasing power against the world's oldest monetary unit.