Since 1971 minus dividends, the return on Gold and the S&P 500 is virtually equal.
Gold v S&P 500 since 1971: Gold=Green S&P 500=Blue
In the past 5 years minus dividends, Gold has outperformed the major market indices by approximately 70 to 110%.
| gold=light green | Dow=light blue | S&P 500=dark blue | Nasdaq=dark green|
And the Unhedged Gold Miners Index has outperformed the S&P 500 by almost 500% the past 5 years.
Unhedged Gold Miners Index(HUI) vs. S&P 500 (5 years): HUI=Green S&P 500=Blue
Gold stocks are highly leveraged to the gold price. The unhedged gold miners index (light green) has outperformed the retail (dark blue), small cap (light blue), oil (dark green), financial 100 (pink), biotechnology (purple), and utility (red) indexes by 400-450% the past 5 years.
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