Gold Lost 98% vs. S&P 500 in 100 Years: History May Repeat Gold has become exciting, which typically indicates investors should be cautious. From a base of 100 in 1927, gold's value relative to the S&P 500 total-return index is roughly 2 now. My analysis highlights some of gold's historical anomalies that may point to the resumption of the long-term pattern of human ingenuity, profits and index survivor bias outperforming the metal. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tl3aher24u84 {BI COMD} #gold #stockmarket #bonds @BBGIntelligence(Mike McGlone)