With
the above information, you can calculate the value in
US dollars of any unit of gold, from a tiny grain to
the proverbial metric tonne.
Gold
has been an international measure of wealth practically
since the dawn of history, with each culture and era
expressing gold weights and value according to their
own custom.
In this
database, we have included today’s value of what
was once the legal value of a US gold dollar. This standard
(23.22 grains of pure gold), only barely changed from
1792 to 1933, was incrementally inflated from 1933 to
1972, at which time it was abandoned entirely.
The accelerating
devaluation of the ‘dollar’ since 1972 is
the very reason that gold today is more important than
ever. |
