Market Curiosity: Exploring Markets And Systems

February 26, 2011

Did a 140% rise in the Monetary Base lead to a 150% rise in silver? (Corrected April 26)

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 12:17 pm

Edit April 26: The Ticker Guy pointed out I did not know what I was talking about. I assumed I was talking about coins, cash and deposit accounts, but:

St. Louis Adjusted Monetary Base (BASENS) The sum of currency in circulation outside Federal Reserve Banks and the U.S. Treasury, deposits of depository financial institutions at Federal Reserve Banks, and an adjustment for the effects of changes in statutory reserve requirements on the quantity of base money held by depositories. This series is a spliced chain index; see Anderson and Rasche (1996a,b, 2001, 2003).

Since roughly September 24th 2008:
– Monetary Base has risen 140%.
+ Silver has risen 150%.
+ Gold has risen 57%.

Fundamentally the fed (not federal, nor reserve) is busy as a bee printing and devaluing federal reserve notes that people pay to use.

The Monetary Base’s current rate of change is about 6.4%.

+ Kitco silver spot prices

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