Your using the dow in very simplistic terms. but anyway last post I'm getting bored. The S&P is a much better measurement
To gain a historical perspective on gold prices, between January 1934, with the introduction of the Gold Reserve Act, and August 1971, when President Richard Nixon closed the U.S. gold purchase window, the price of gold was effectively set at $35 per ounce.4 5
Prior to the Gold Reserve Act, President Roosevelt had required citizens to surrender gold bullion, coins, and notes in exchange for U.S. dollars, and effectively made investing in gold extremely difficult, if not impossible and futile, for those who did manage to hoard or conceal quantities of the precious metal.6
Using the set gold price of $35 and the price of $1,650 per ounce as of April 2020, a price appreciation of approximately 4,500% can be deduced for gold.2 From February 1971 to 2020, the DJIA has appreciated in value by 3,221%.7
In July 2020, the price of gold had surpassed its previous all-time price high of nearly $2,000 an ounce the highest since September of 2011.