10.05.2010

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.

1 comment:

Anonymous said...

There is no fever like gold fever. I HAVE IT BAD!

beebs
75% invested in gold and silver.

Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.