
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.
Inflation is progressive utopians encountering resource constraints for the first time.
1 comment:
There is no fever like gold fever. I HAVE IT BAD!
beebs
75% invested in gold and silver.
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