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user4779
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>Gold Sucks!  - Gary Tanashian - Biwii
The last chart is getting there, but it is not comparing comparable things. What is needed is a chart of the ratio of the value, in US dollars, of all the gold in the world to the value (also in US dollars) of the US monetary base. These are comparable because (1) both quantities represent total amounts of money, in the same units (dollars), and (2) both play comparable roles as primary candidates for the world's reserve monetary base over the entire period from 1970 until now---albeit gold playing Cinderella who, apart from her brief appearance at the ball (ca. 1980), has been pushed into the background behind the ugly $ister.

The chart would still tell a story similar to the present one, although not sloping down as much to the right because the quantity of gold in the world has roughly doubled over the period.


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Beginning of the headline :By Gary TanashianBen Kramer-Miller, a fundamental gold stock analyst who I keep an eye on, recently had an article at SeekingAlpha called Gold?s Bull Run Has Not Yet Begun.  I remember taking note of the title when it came out, but as is usually the case I did not have the time, nor the inclination to read it.  I like to keep my own thoughts square and balanced and don?t need other peoples? thoughts on gold clouding my own.But as I was fooling around over at the St. Louis Fed?s website (it is re... Read More
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