To determine the true value of gold in US dollars, simply take the total world money supply of the United States and divide it by the number of ounces of gold available for purchase. In 1968, a two-tier price structure was established, and in 1975, the price of gold was allowed to fluctuate. The following chart shows the price of gold since the 1929 recession compared to inflation, the Dow Jones industrial average, and other factors. It is measured in troy ounces and the price of gold is generally indicated in terms of the cost of a troy ounce.
The price of an ounce of gold remained completely stable and in line with the gold standard at all times. Gold tokens are stable currencies whose value is backed by real gold ingots stored in auditable and secure vaults.