2 ms·
> what's the relation between gold and money supply now? Are you referring to the gold standard[0]? As you can see from the Wikipedia page, that concept has lo
by hobofan 5y ago
> what's the relation between gold and money supply now?
Are you referring to the gold standard[0]? As you can see from the Wikipedia page, that concept has long been abandoned by national banks.
So there is no special relation between gold and money supply nowadays (at least not one that differs in any meaningful way from any other natural resource).
[0]: https://en.wikipedia.org/wiki/Gold_standard https://en.wikipedia.org/wiki/Gold_standard