What $100 in 2022 was worth — measured in gold

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

55.4%

of the US dollar's value, gone — measured in gold, since 2022.
It now takes 2.2× more dollars to buy the same ounce.

In 2022, $100 bought 0.06 oz of gold at $1,802/oz. Held as metal, that same money is worth $224 at today's gold price of $4,043/oz (spot as of 2026-08-02).

Same $100. Three rulers.

Measure	$100 from 2022, today	Multiple
Official story — CPI-U (BLS)	$114	1.1×
Money created — M2 money supply	$107	1.1×
In gold — honest weight, valued today	$224	2.2×

The gap between 1.1× (CPI) and 1.1× (M2) is official inflation understating the money actually created. The gap between 1.1× and 2.2× (gold) is the flight to hard money — gold outrunning even the printing.

2022 in the fiat story

Inflation reached 9% on the official measure — more by others — while central banks themselves became record gold buyers. Gold made new all-time highs against every fiat currency. The flight to hard money is no longer a retail phenomenon; it is official policy everywhere except in the language.

Try your own numbers

The In Gold calculator runs any amount and any year — USD from 1913, or see 2022 in AUD.

← $100 in 2021 $100 in 2023 →

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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