Alphabet Inc. (GOOGL) current share price is $332.91. The gold spot price is $4,808.10 per troy ounce. Using the formula: GOOGL in gold = $332.91 × 31.1035 ÷ $4,808.10 = 2.1536 grams of gold per share.
Over the past 20 years, GOOGL has a Real Wealth Growth Rate of +7.14% / yr. This means GOOGL has outperformed gold as a store of value over this period.
"Real Wealth Growth Rate" measures the annualised compound growth rate (CAGR) of a stock when priced in gold — hard money that cannot be printed. A positive value means genuine wealth creation. A negative value means purchasing power is shrinking, even if the dollar price rises.