[Toddsterpatriot]

Another way of interpreting that chart is that for 24 periods Gold returned more, sometimes a lot more, than the S&P 500, while for 4 periods the S&P returned more. Based on this reading Gold has been a significantly better investment most of the time period in question

Which 24 periods did gold outperform? Which 4 did the S&P 500 outperform?

[Jack Black]

GOLD OUTPERFORMS S&P - 73 to 96 inclusive, 05
S&P OUTPERFORMS GOLD - 97 to 02 inclusive
ROUGHLY EQUAL RETURNS - 72, 03-04 inclusive

based on the chart posted above ..