Image: FileTherefore, if we look at the Rand versus the gold price since 1994, we get an accurate reflection of genuine value. Image: FileWhen using the gold standard, the Rand is directly convertible to a fixed price, says the SA Reserve Bank (SARB). Therefore, 31 grams of gold in 1994 will only buy you 0.66 grams of gold in 2024. Because, to provide perspective, the US Dollar has lost 89% of its value since 1994 on the same gold standard. WHAT DO YOU THINK CAN BE DONE TO SAVE THE WEAKENING RAND?