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
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