Gold shoots up $23 to new high $1338, still far short of keeping up with Zimbabwe Ben's printing press
Want to put the gold "bubble" in perspective? How's this?
That's the price of gold vs. the monetary base, essentially the amount of money that Zimbabwe Ben has created out of thin air. Oh, there's a bubble all right. But it ain't in gold.
Sources: St. Louis Dirty Fed and GoldPrices.com.
That's the price of gold vs. the monetary base, essentially the amount of money that Zimbabwe Ben has created out of thin air. Oh, there's a bubble all right. But it ain't in gold.
Sources: St. Louis Dirty Fed and GoldPrices.com.
Comments
beebs
75% invested in gold and silver.