In all charts, money stock values come from the St. Louis Fed. Gold stocks come from the Gold Council and gold prices from Kitco. These comparisons are for US money stock vs. World gold supply.
All charts start from a number greater than zero to better show monthly changes.
M2/World Gold Supply (oz) in 2009
MZM/World Gold Supply (oz) in 2009
M2/Gold Price in 2009
MZM/Gold Price in 2009
Monday, August 31, 2009
Saturday, August 29, 2009
Layoff Daily laid off
The grind of trying to keep up with layoffs finally sunk LayoffDaily.com.
I have removed it from the blog roll and added DailyJobCuts.com.
I actually ran layoffdaily.com for about a week and found it difficult to automate. I had to turn it back over to the founder who was also looking for a way out. It really takes 3-4 hours a day to run it and there was almost no return. Ad revenue was running about $100/month. Not a good use of time.
Anyway, sad to see it go.
I have removed it from the blog roll and added DailyJobCuts.com.
I actually ran layoffdaily.com for about a week and found it difficult to automate. I had to turn it back over to the founder who was also looking for a way out. It really takes 3-4 hours a day to run it and there was almost no return. Ad revenue was running about $100/month. Not a good use of time.
Anyway, sad to see it go.
Friday, August 28, 2009
Please Seize Me by The Beatles
In honor of Bank Failure Fridays
Please Seize Me
by The Beatles
Last night I said these words to my bank,
I know you never even try, thanks
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
You don't need me to show decay, love.
Why do I always have delay "love,"
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
I don't wanna sound complainin',
But you know there's always gain in my chart (in my chart).
I do all the appeasin' with you, it's so hard to reason
With Hu, whoah yeah, why do you make me blue.
Last night I said these words to my bank,
I know you never even try, thanks
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
Whoa yeah, for Chairman Hu
http://www.youtube.com/watch?v=dkjGsG7tpwc
Please Seize Me
by The Beatles
Last night I said these words to my bank,
I know you never even try, thanks
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
You don't need me to show decay, love.
Why do I always have delay "love,"
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
I don't wanna sound complainin',
But you know there's always gain in my chart (in my chart).
I do all the appeasin' with you, it's so hard to reason
With Hu, whoah yeah, why do you make me blue.
Last night I said these words to my bank,
I know you never even try, thanks
C'mon...C'mon...C'mon...C'mon
Please seize me, whoa yeah, like trustees do
Whoa yeah, for Chairman Hu
http://www.youtube.com/watch?v=dkjGsG7tpwc
Tuesday, August 25, 2009
US Gold vs. M2 and MZM
In my regular historical and monthly gold charts, I compare the US money supply against gold, looking at two ratios: money supply vs. gold price and money supply vs. total above ground gold supply.
If I limit the comparison to just the US gold stocks, the numbers are a bit startling. In a previous post, I found two numbers for US gold stocks. In the following charts, I used the larger number from Wikipedia of 8,133.5 metric tonnes or 286,949,880 oz.
M2 / US Gold Supply (oz)
MZM / US Gold Supply (oz)
If the US government chose to re-monetize gold, backing each US dollar with gold bullion, the price would fall somewhere in the following range:
M2/oz (only US gold) is $29,203.71
MZM/oz (only US gold) is $33,385.62
You can look at this a couple of different ways. One angle would be that the difference between the $30,000 level and the current gold price (around $950) is how much value gold has lost since it was de-monetized. Another angle is how much inflation has taken place since the early 1930s when gold had a fixed price of $20/oz. Either way, it is an interesting bit of trivia.
If I limit the comparison to just the US gold stocks, the numbers are a bit startling. In a previous post, I found two numbers for US gold stocks. In the following charts, I used the larger number from Wikipedia of 8,133.5 metric tonnes or 286,949,880 oz.
M2 / US Gold Supply (oz)
MZM / US Gold Supply (oz)
If the US government chose to re-monetize gold, backing each US dollar with gold bullion, the price would fall somewhere in the following range:
M2/oz (only US gold) is $29,203.71
MZM/oz (only US gold) is $33,385.62
You can look at this a couple of different ways. One angle would be that the difference between the $30,000 level and the current gold price (around $950) is how much value gold has lost since it was de-monetized. Another angle is how much inflation has taken place since the early 1930s when gold had a fixed price of $20/oz. Either way, it is an interesting bit of trivia.
Sunday, August 23, 2009
Saturday, August 22, 2009
Linking from an icon in Hoocoodanode
Here is a some basic HTML for creating a linked icon in the Calculated Risk comment system (Hoocoodanode).
An HTML link is created using the anchor tag:
<a href="http://www.calculatedriskblog.com">Linked Text</a>
The target of the link is specified using the href parameter. It is usually best to copy the target URL from your web browser address bar so you don't mistype it.
To attach the link to an icon, simply replace the "Linked Text" part with one of the many textual smileys, like :rant:, :wine:, or :coffee:.
Here is a complete example, linking from the coffee icon:
<a href="http://www.calculatedriskblog.com">:coffee:</a>
Note that many web pages you may want to link to have long URLs with many variables. Make sure you copy the complete URL into the href parameter and surround it with double quotes as shown.
An HTML link is created using the anchor tag:
<a href="http://www.calculatedriskblog.com">Linked Text</a>
The target of the link is specified using the href parameter. It is usually best to copy the target URL from your web browser address bar so you don't mistype it.
To attach the link to an icon, simply replace the "Linked Text" part with one of the many textual smileys, like :rant:, :wine:, or :coffee:.
Here is a complete example, linking from the coffee icon:
<a href="http://www.calculatedriskblog.com">:coffee:</a>
Note that many web pages you may want to link to have long URLs with many variables. Make sure you copy the complete URL into the href parameter and surround it with double quotes as shown.
Tuesday, August 18, 2009
U.S. gold reserves
How much gold does the US have?
I researched this from two angles. Wikipedia has numbers, which come from Gold Council, on the gold reserves of each country. According to Wikipedia, the US has 8,133.5 metric tonnes. This is equivalent to 17,934,367.5 lbs, or 286,949,880 oz.
According to the Federal Reserve H.4.1 release on August 13, 2009, the central bank hold $11,041 million dollars in gold stock. If valued at the last official price of $42/oz, that is equivalent to 262,880,952 oz.
The numbers are fairly close, with perhaps the difference held by the Treasury. In theory, most of it is held at the Federal Reserve Bank of New York and Fort Knox, but I'm not sure when the last audit was performed.
I researched this from two angles. Wikipedia has numbers, which come from Gold Council, on the gold reserves of each country. According to Wikipedia, the US has 8,133.5 metric tonnes. This is equivalent to 17,934,367.5 lbs, or 286,949,880 oz.
According to the Federal Reserve H.4.1 release on August 13, 2009, the central bank hold $11,041 million dollars in gold stock. If valued at the last official price of $42/oz, that is equivalent to 262,880,952 oz.
The numbers are fairly close, with perhaps the difference held by the Treasury. In theory, most of it is held at the Federal Reserve Bank of New York and Fort Knox, but I'm not sure when the last audit was performed.
Sunday, August 16, 2009
Gold charts 7/1/2009
I have updated my M2 and MZM vs. gold charts and broken them out into historical and current year. The historical charts are annual and start from 7/1/1959. The current year charts are monthly and use the money stock and gold stock values on the first of each month.
I probably won't update the historical charts again until next July unless there is some dramatic movement that warrants a historical perspective. I plan to update the current charts monthly.
In all charts, money stock values come from the St. Louis Fed. Gold stocks come from the Gold Council and gold prices from Kitco. These comparisons are for US money stock vs. World gold supply. I plan to prepare similar charts comparing US money stock vs. US gold supply. I expect those numbers to be much more dramatic.
On 7/1/2009, M2/oz was $1,619.26.
M2/World Gold Supply (oz) since 1959
On 7/1/2009, MZM/oz was $1,851.14.
MZM/World Gold Supply (oz) since 1959
On 7/1/2009, M2 (in billions)/Gold Price was 8.93. The minimum (max relative gold price) was in 1980 at 2.40. This metric might be one way to detect a growing gold bubble.
M2/Gold Price since 1959
On 7/1/2009, MZM (in billions)/Gold Price was 10.21.
MZM/Gold Price since 1959
Monthly Charts for 2009
All charts start from a number greater than zero to better show monthly changes.
M2/World Gold Supply (oz) in 2009
MZM/World Gold Supply (oz) in 2009
M2/Gold Price in 2009
MZM/Gold Price in 2009
I probably won't update the historical charts again until next July unless there is some dramatic movement that warrants a historical perspective. I plan to update the current charts monthly.
In all charts, money stock values come from the St. Louis Fed. Gold stocks come from the Gold Council and gold prices from Kitco. These comparisons are for US money stock vs. World gold supply. I plan to prepare similar charts comparing US money stock vs. US gold supply. I expect those numbers to be much more dramatic.
On 7/1/2009, M2/oz was $1,619.26.
M2/World Gold Supply (oz) since 1959
On 7/1/2009, MZM/oz was $1,851.14.
MZM/World Gold Supply (oz) since 1959
On 7/1/2009, M2 (in billions)/Gold Price was 8.93. The minimum (max relative gold price) was in 1980 at 2.40. This metric might be one way to detect a growing gold bubble.
M2/Gold Price since 1959
On 7/1/2009, MZM (in billions)/Gold Price was 10.21.
MZM/Gold Price since 1959
Monthly Charts for 2009
All charts start from a number greater than zero to better show monthly changes.
M2/World Gold Supply (oz) in 2009
MZM/World Gold Supply (oz) in 2009
M2/Gold Price in 2009
MZM/Gold Price in 2009
Friday, August 7, 2009
Gold charts as of 6/1/2009
Gold Charts
In my ongoing quest to understand the gold relationship to the US dollar, I have created some charts and added a new twist to the analysis.
M2 money supply vs. world gold supply in oz. (above ground).
M2 numbers from the Federal Reserve (not seasonally adjusted).
Gold supply from the Gold Council.
Since 1959, the number of dollars has been growing compared to gold supply. As of 6/1/2009, there are about $1,616.09 dollars per oz.
M2 money supply vs. world gold supply chart
(M2/capita) vs. gold price.
M2 from the Federal Reserve (not seasonally adjusted).
US population numbers from the US Census bureau.
Gold supply from the Gold Council.
This chart attempts to adjust the rising money supply for the rising population before comparing to the gold price. The lowest ratio is 7/1/1980 at 10.58. The highest ratio is 7/1/1970 at 83.01. The current ratio as of 6/1/2009 is 29.00. You can really see the top of the bubble in 1980 in this view.
(M2/capita) vs. gold price chart
MZM money supply vs. world gold supply in oz. (above ground).
MZM numbers from the Federal Reserve (not seasonally adjusted).
Gold supply from the Gold Council.
Since 1959, the money of zero maturity dollars has been growing compared to gold supply. As of 6/1/2009, there are about $1,856.91 MZM dollars per oz.
MZM money supply vs. world gold supply chart
(MZM/capita) vs. gold price.
MZM from the Federal Reserve (not seasonally adjusted).
US population numbers from the US Census bureau.
Gold supply from the Gold Council.
This chart attempts to adjust the rising money supply for the rising population before comparing to the gold price. The lowest ratio is 7/1/1980 at 6.01. The highest ratio is 7/1/2001 at 68.10. The current ratio as of 6/1/2009 is 33.32.
(MZM/capita) vs. gold price chart
It is interesting that the M2/capita apex was in 1970, while the broader MZM/capita apex was in 2001. Maybe that reflects the growing use of money market funds vs. time deposits.
In my ongoing quest to understand the gold relationship to the US dollar, I have created some charts and added a new twist to the analysis.
M2 money supply vs. world gold supply in oz. (above ground).
M2 numbers from the Federal Reserve (not seasonally adjusted).
Gold supply from the Gold Council.
Since 1959, the number of dollars has been growing compared to gold supply. As of 6/1/2009, there are about $1,616.09 dollars per oz.
M2 money supply vs. world gold supply chart
(M2/capita) vs. gold price.
M2 from the Federal Reserve (not seasonally adjusted).
US population numbers from the US Census bureau.
Gold supply from the Gold Council.
This chart attempts to adjust the rising money supply for the rising population before comparing to the gold price. The lowest ratio is 7/1/1980 at 10.58. The highest ratio is 7/1/1970 at 83.01. The current ratio as of 6/1/2009 is 29.00. You can really see the top of the bubble in 1980 in this view.
(M2/capita) vs. gold price chart
MZM money supply vs. world gold supply in oz. (above ground).
MZM numbers from the Federal Reserve (not seasonally adjusted).
Gold supply from the Gold Council.
Since 1959, the money of zero maturity dollars has been growing compared to gold supply. As of 6/1/2009, there are about $1,856.91 MZM dollars per oz.
MZM money supply vs. world gold supply chart
(MZM/capita) vs. gold price.
MZM from the Federal Reserve (not seasonally adjusted).
US population numbers from the US Census bureau.
Gold supply from the Gold Council.
This chart attempts to adjust the rising money supply for the rising population before comparing to the gold price. The lowest ratio is 7/1/1980 at 6.01. The highest ratio is 7/1/2001 at 68.10. The current ratio as of 6/1/2009 is 33.32.
(MZM/capita) vs. gold price chart
It is interesting that the M2/capita apex was in 1970, while the broader MZM/capita apex was in 2001. Maybe that reflects the growing use of money market funds vs. time deposits.
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