If You Bought an Ounce of Gold From Me in Paydirt in 2024, What Is It Worth in 2026
Gday legends Andrew here from Thats Gold.
This is a really important post because it is about trust, transparency, and showing real value over time.
A few people have asked me lately
“If I bought an ounce of gold from you through your paydirts back in 2024, what would that be worth today in 2026?”
So let’s break it down clearly, honestly, and with real numbers.
First let’s talk about what an ounce of gold actually means
When we say one ounce of gold, we are talking about a troy ounce, which equals:
• 31.1 grams
• 1,000 milligrams x 31.1
• A serious amount of fine gold when recovered through paydirt
Many of you have accumulated gold over time through multiple bags rather than all at once, which makes this comparison even more interesting.
The average gold price in 2024 in Australia
In 2024, the gold price in Australia generally traded around:
AUD 3,000 to AUD 3,300 per ounce
It fluctuated throughout the year, but that range is a fair working average for this comparison.
So if you effectively accumulated one ounce of gold through paydirt purchases in 2024, its value back then would have been roughly:
AUD 3,100 per ounce on average
Fast forward to 2026
Now let’s look at where gold is sitting in 2026.
Gold prices in Australian dollars have surged due to:
• Strong global demand
• Central bank buying
• Currency movements
• Investor safe haven behaviour
In 2026, gold has been trading roughly in the range of:
AUD 7,500 to AUD 8,500 per ounce
Some days even higher depending on currency movement.
So what is your 2024 ounce worth in 2026
Let’s do the maths simply.
Example calculation
If you accumulated one ounce of gold in 2024 valued at
AUD 3,100
And gold in 2026 is valued at
AUD 8,000
Your gold has increased in value by:
AUD 8,000 minus AUD 3,100
= AUD 4,900 increase
That is roughly a:
158 percent increase in value
That is the power of holding physical gold over time.
Why this matters for paydirt buyers
Many people think paydirt is just about the fun of panning, and yes, it absolutely is. But there is another layer most people do not consider.
When you keep your gold rather than selling it straight away, you are slowly building a physical asset that can appreciate over time.
Some of you who bought regularly in 2023 and 2024 may now be sitting on gold that has nearly doubled in value.
That is pretty wild when you think about it.
Gold vs cash over the same period
If you left the same money sitting in a bank account from 2024 to 2026:
• Interest may have added a few percent
• Inflation reduced purchasing power
• Currency shifts affected value
Gold, on the other hand, has acted as a hedge against that uncertainty.
That is one of the reasons gold has been trusted for thousands of years.
The emotional side of gold ownership
There is also something else that matters here.
Gold you recover yourself feels different. You remember the pan it came from. You remember the excitement when it appeared. You remember the moment you tipped the concentrate and saw colour.
That emotional connection adds value beyond the dollar figure.
What if gold prices move again
Gold never moves in a straight line forever. Prices can pull back, consolidate, or surge higher depending on global conditions.
But historically, gold has shown one clear pattern over long periods:
It tends to hold purchasing power better than paper currency.
That is why central banks, investors, and everyday people continue to trust it.
Frequently asked questions
Did gold really increase that much since 2024
Yes, in Australian dollar terms the increase has been significant due to both global gold demand and currency effects.
Is now still a good time to hold gold
Many people hold gold as long term security rather than trying to time the market.
Should I sell my gold now
That depends on personal goals. Some people lock in profits while others prefer to hold long term.
Does small scale gold still matter
Absolutely. Even small flakes add up over time, especially when prices rise.
Final thoughts
If you bought an ounce of gold through paydirts in 2024 and held onto it, you have done very well by 2026 standards.
This is not financial advice, it is simply an observation of how gold has moved and how physical assets can grow in value over time.
For me, the real win is seeing people enjoy the hobby, build a little gold stash, and maybe one day look back and think, that was one of the best decisions I made.
Happy days legends.
Andrew
Thats Gold
