– Fed’s Record Setting Money Supply Splurge Spurs Gold’s Rally (ZeroHedge, Feb. 7, 2012):
Fed’s Record Setting Money Supply Splurge Spurs Gold’s Rally
The surge in the U.S. money supply in recent years has sent gold into a series of new record nominal highs.
Money supply surged again in 2011 sending gold to new record nominal highs.
Money supply has grown again, by more than 35% on an annualized basis, and this is contributing to gold’s consolidation and strong gains in January.
The Federal Reserve’s latest weekly money supply report from last Thursday shows seasonally adjusted M1 rose $13.2 billion to $2.233 trillion, while M2 rose $4.5 billion to $9.768 trillion.