Description
⋅ M1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks.
M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
We are looking at the GC1! gold futures vs these money supplies
As we print more we expect these money supplies to increase, so we can start to see the 'real growth' in terms of how much $ is 'out there'
I examine lots of these 'composite' charts as I call them, but let me know your thoughts as well!
**NOTE** Because sometimes there are scaling issues; attempt to line the angles up with the black lines with same origin, thanks!
Manage your own risk
Much Love
GL HF
xoxo
snoop