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I guess If you want to use the price of gold as a proxy for the increase in the money supply.
by mrfusion 6y ago
I guess If you want to use the price of gold as a proxy for the increase in the money supply.
- AnimalMuppet 6y agoBut it isn't. The price of gold is a proxy for the fear of the value of money, which is only loosely related to the increase in the money supply.