Did gold keep up with inflation?
Choose an amount, a starting year and Germany or the euro area. The calculator shows how the purchasing power of non-interest-bearing cash and the same amount in gold would have changed.
What was left after prices rose?
Both comparisons start with the same euro amount. You can see how much purchasing power non-interest-bearing cash lost and what gold was worth after inflation.
Past performance is no guarantee of future results. Not investment advice.
- Purchasing power of cash
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- Gold value after inflation
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- Gold value at today’s price
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- Difference versus non-interest-bearing cash
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When prices rise, the same amount of money buys less. The gold line shows what an equal gold purchase was worth after those price rises. Today’s gold value is shown separately because official inflation figures arrive later. Purchase and selling costs are excluded.
Inflation: Eurostat dataset prc_hicp_minr, all-items HICP, monthly index 2025=100 under ECOICOP v2. Gold: stored Gold Update daily observations sourced from Gold API, using the final available observation per month. Open the Eurostat dataset ↗ Eurostat methodology ↗
Monthly alignment and purchasing-power calculation: Gold Update. Missing months are not interpolated.
Eurostat provides the complete series recalculated under ECOICOP v2; values may therefore differ from the archived ECOICOP v1 series.