What $100 in 2009 was worth — measured in gold

The price of gold didn't get more expensive. The value of the Australian dollar fell.

78.6%

of the Australian dollar's value, gone — measured in gold, since 2009.
It now takes 4.7× more dollars to buy the same ounce.

In 2009, $100 bought 0.08 oz of gold at $1,231/oz. Held as metal, that same money is worth $468 at today's gold price of $5,761/oz (spot as of 2026-08-02).

Same $100. Three rulers.

Measure	$100 from 2009, today	Multiple
Official story — AU CPI (ABS via FRED)	$151	1.5×
Money created — M3 broad money	$246	2.5×
In gold — honest weight, valued today	$468	4.7×

The gap between 1.5× (CPI) and 2.5× (M3) is official inflation understating the money actually created. The gap between 2.5× and 4.7× (gold) is the flight to hard money — gold outrunning even the printing.

2009 in the fiat story

GFC stimulus arrived swiftly. The AUD gold price made new highs even while the currency was near parity with the USD — the clearest demonstration that a currency can be strong and shrinking at the same time.

Try your own numbers

The In Gold calculator runs any amount and any year — AUD from 1971, or see 2009 in USD.

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Method. Gold weight = amount ÷ the gold price of that year; "today" figures rebase the same amount by CPI, money supply, and gold spot. Deterministic — no estimates, no models, no AI in the number path. Annual averages. Sources: FRED CPIAUCNS, FRED M2SL, MeasuringWorth, GoldAPI live spot. Not financial advice. In Gold — the calculator · API
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