Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODOarrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Other literature type . 2026
License: CC BY
Data sources: ZENODO
ZENODO
Other literature type . 2026
License: CC BY
Data sources: Datacite
ZENODO
Other literature type . 2026
License: CC BY
Data sources: Datacite
versions View all 2 versions
addClaim

A Quantitative Model for Pricing Gold

A Systems-Theoretic Framework for Sovereign Debt Duration, Temporal Compression, and Monetary Entropy in Non-Convertible Regimes
Authors: 3 Pilgrim, LLC;

A Quantitative Model for Pricing Gold

Abstract

This paper introduces a reductionist pricing and calibration framework that treats gold not as an asset but as a metrological invariant—a fixed reference mass used to detect and measure fiat drift. Instead of interpreting nominal price movements as value changes, the model reframes gold as the dimensional anchor that restores unit consistency across macroeconomic variables. Labor provides magnitude, gold provides scale, and fiat expresses drift. The framework defines three ratio‑based calibration signals: GDP–gold ratio (aggregate output per invariant unit; long‑run anchor ~8:1–10:1) Labor–gold ratio (hours per ounce; empirically stable ~25–35 hours/oz in U.S. data since 1900) Monetary base–gold ratio (liquid base money relative to cumulative physical stock) These ratios serve as drift detectors that distinguish short‑run nominal volatility from long‑run equilibrium reversion. Gold’s observed “price” becomes a fiat mispricing indicator, not a moving asset. Because gold's above‑ground stock expands slowly (~1.5–2% annually), mirroring long‑run productivity and population trends, it forms a natural invariant for constructing dimensional, cross‑regime valuation frameworks. The model is explicitly non‑forecasting and non‑ideological: it provides calibration primitives, not trading rules or policy prescriptions. Applications include drift decomposition, equilibrium anchoring, unit‑of‑account consistency checks, and synthetic valuation under fiat expansion.

Keywords

reference mass pricing, labor–gold coupling, monetary base–gold ratio, long‑run calibration model, dimensional consistency, fiat drift calibration, ratio‑based valuation, metrological invariant, term‑structure misalignment, GDP–gold ratio, synthetic valuation framework, equilibrium anchor

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green