The time period is really distorted, starting at the equity peak of the dotcom bubble and at the gold low, and ending in the late gold cycle of the post-2020 inflation phase.
@Yoshika There is a chart from the World Bank. 1970 - 2024. gold and S&P 500 perform the same. But while the S&P has only caught up in recent years (AI bubble?) Is that better then?
@Part_Time_Joe In 1998, however, the party was already underway. The S&P had already multiplied in the previous years. And gold was at USD 290, the absolute low for almost 20 years.