We’re not at the beginning yet???
#Gold is a monetary #inflation play
Not fake #CPI
Look at how it's traded versus the ratio of money supply to GDP
Gold/(M2/GDP)
A floor as natural as a law of physics
What about gold's rally since 2018? It's been on the floor the entire time, the bull mkt hasn't even begun! pic.twitter.com/glDmrOgDNE
— TheHappyHawaiian (@ThHappyHawaiian) March 15, 2022
Since M2 is debt money, M2 to GDP is then (also) a debt to GDP ratio.
Which is at its all time high.
That seems to say gold will rise if debt saturation rises from here?
Is that likely in a rising rates environment?
If not, what does THAT imply?