gold, page-85506

Or you could look at stock Indexes/gold price prices another way.

Japanese Nikkei down 40% from its peak
Gold up 605% in last 20 years in JPY

Shanghai Composite down 45% from its peak
Gold up 488% in CNY in last 20 years.

Hong Kong Hang Seng down 10% from its peak
Gold up 607% in HKD in last 20 years

Dax K down 8% from its peak 20 years ago.
Gold up 422% in EUR

London FTSE down 13% from its peak 20 years ago.
Gold up 684% in GBP

Italy down 60% from its peak 20 years ago.
Gold up 422% in EUR

France down 24% from its peak 20 years ago.
Gold up 422% in EUR

Spain down 58 % from its peak 20 years ago.
Gold up 422% in EUR

Lousy price price performance of gold relatively speaking ? I don't think so.

Of course Skol and others will drag out cumulative index returns including dividends to improve the numbers a bit but we all know many stock market investors don't invest in Index funds and their stock market investment outcomes and performances are probably even worse than the indexes might indicate in many cases.