T. Rowe Price New Horizons Fund (PRNHX) current share price is $54.53. The gold spot price is $4,825.20 per troy ounce. Using the formula: PRNHX in gold = $54.53 × 31.1035 ÷ $4,825.20 = 0.3515 grams of gold per share.
The Real Wealth Growth Rate measures the Compound Annual Growth Rate (CAGR) of PRNHX when denominated in gold. A positive rate means the stock has outperformed gold as a store of value, while a negative rate indicates gold has been a better wealth preserver than holding PRNHX shares over the measured 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.
