So the comparison of gold value vs the total liquid money stock. (M1)
This M1 money supply includes coins and currency in circulation—the coins and bills that circulate in an economy that are not held by the U.S. Treasury, at the Federal Reserve Bank, or in bank vaults.
Anyone holding gold, after the COVID dollar printing, basically lost an enormous amount of purchasing power. this cannot be right! What trickery is this?
Another way to read this, instant inflation, or really hard to buy gold after this. Am I correct in my assumptions? I find this chart shocking.
Can somebody please explain to me what and why this is acceptable?
This M1 money supply includes coins and currency in circulation—the coins and bills that circulate in an economy that are not held by the U.S. Treasury, at the Federal Reserve Bank, or in bank vaults.
Anyone holding gold, after the COVID dollar printing, basically lost an enormous amount of purchasing power. this cannot be right! What trickery is this?
Another way to read this, instant inflation, or really hard to buy gold after this. Am I correct in my assumptions? I find this chart shocking.
Can somebody please explain to me what and why this is acceptable?