Check out the ratio of gold price to Dow Jones index for last 100 years: http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart http://www

Check out the ratio of gold price to Dow Jones index for last 100 years: http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-h... In 1917 it was about 5, now it's about 15. So threefold increase in a century. Plus the Dow pays around 2% dividend per year which is 7-fold increase in a century. So US stocks outperformed gold by 21 times between 1917 and 2017. Looking at the chart, there are very few long-term periods when gold has outperformed US stocks.