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One of my very favourite charts is gold in relation to the U.S. money supply and the chart below shows that gold is as cheap today as it was in 1970 at $35 or 2000 at $300.
This article by Lorimer Wilson, Managing Editor of munKNEE.com, is an edited ([ ]) and abridged (…) excerpt from an article by Egon von Greyerz. of goldswitzerland.com
…so gold has not yet reflected the massive growth in fiat money that the world has experienced in this century.
Editor’s Note:
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