From 1990 to 2020, the price of gold increased by around

From 1990 to 2020, the price of gold increased by around 360%.2 Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%.1 If we look now at the 15-year period from 2005 to 2020, the price of gold increased by 330%, roughly the same as the 30 years considered above.2Over the same period, the DJIA increased by only 153%.1 Then, if we only consider the years 2021 and 2022, gold has outperformed stocks as geopolitical uncertainty and inflation increased worldwide.