Analysis: Gold's New Role Beyond Crisis Hedging

Gold Outperformed Stocks For 20 Years

Gold vs. Stocks Two-Decades of Inverted Expectations

“Gold has solidly outperformed US large caps over the last 20 years... This is not how things are 'supposed to be.'”

-DataTrek

In a reflection of long-term price performance, gold has quietly outpaced the S&P 500 over the past 20 years. This inversion of conventional financial wisdom, where static metal has exceeded the returns of equity-based enterprise, is striking. According to DataTrek’s analysis, gold’s price return stands at +616%, while the S&P 500 delivered +421% over the same period. This outcome challenges the embedded assumption that equities, as vehicles of productivity and innovation, should outperform inert stores of value.