Year | Gold Price (USD/oz) | S&P 500 Index | Gold/S&P 500 Ratio

1973 | 97.32 | 92.15 | 1.055
1974 | 158.96 | 68.56 | 2.318
1975 | 176.95 | 90.19 | 1.963
1976 | 124.74 | 107.46 | 1.160
1977 | 148.95 | 95.10 | 1.567
1978 | 193.40 | 96.11 | 2.013
1979 | 307.50 | 111.27 | 2.764
1980 | 850.00 | 108.56 | 7.829
1981 | 599.25 | 122.55 | 4.893
1982 | 376.75 | 140.64 | 2.678
1983 | 423.75 | 164.93 | 2.573
1984 | 293.25 | 167.24 | 1.754
1985 | 293.95 | 211.28 | 1.391
1986 | 390.90 | 242.17 | 1.613
1987 | 486.50 | 247.08 | 1.971
1988 | 437.35 | 277.72 | 1.576
1989 | 383.95 | 353.40 | 1.087
1990 | 386.75 | 330.22 | 1.173
1991 | 362.90 | 376.18 | 0.966
1992 | 343.80 | 415.74 | 0.828
1993 | 391.75 | 466.45 | 0.840
1994 | 384.95 | 459.27 | 0.839
1995 | 387.95 | 615.93 | 0.630
1996 | 387.25 | 740.74 | 0.523
1997 | 290.25 | 970.43 | 0.299
1998 | 294.95 | 1229.23 | 0.240
1999 | 253.20 | 1469.25 | 0.173
2000 | 279.10 | 1320.28 | 0.211
2001 | 276.50 | 1148.08 | 0.241
2002 | 347.20 | 879.82 | 0.395
2003 | 416.25 | 1111.92 | 0.374
2004 | 435.60 | 1211.92 | 0.360
2005 | 444.45 | 1248.29 | 0.356
2006 | 603.65 | 1418.30 | 0.426
2007 | 833.75 | 1478.49 | 0.564
2008 | 869.75 | 903.25 | 0.963
2009 | 974.50 | 1115.90 | 0.874
2010 | 1429.95 | 1271.87 | 1.125
2011 | 1895.75 | 1257.60 | 1.508
2012 | 1663.70 | 1426.19 | 1.166
2013 | 1204.50 | 1848.36 | 0.652
2014 | 1159.96 | 2058.90 | 0.563
2015 | 1046.20 | 2043.94 | 0.512
2016 | 1298.30 | 2238.83 | 0.580
2017 | 1295.65 | 2673.61 | 0.485
2018 | 1288.40 | 2513.37 | 0.513
2019 | 1483.90 | 3230.74 | 0.459
2020 | 1897.60 | 3733.04 | 0.508
2021 | 1823.20 | 4766.18 | 0.383
2022 | 1644.80 | 3845.59 | 0.428
2023 | 1935.80 | 4121.43 | 0.469