Incidentally, the value that grew, and that you would have extracted in dividends, is not reflected in the share price. Also, the DJIA is weighted by the share

Incidentally, the value that grew, and that you would have extracted in dividends, is not reflected in the share price. Also, the DJIA is weighted by the share price rather than the market capitalization of each component. (Really, it is that absurd as an index!) Anyway I agree with your point that while the economy has surged over the past 116 years, gold has been tradeable for an ever-decreasing share of economic output or share of the available real assets, and has been far outpaced by how a conservative portfolio of equities would have performed over the same period.