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Spot the Bubble

Commodities / Gold and Silver 2012 Mar 08, 2012 - 11:52 AM GMT

By: Mario_Innecco

Commodities

The chart below plots the Federal Reserve System's total assets, the European Central Bank's total assets and the price of gold over time.


There are many who argue that gold is in a bubble and they could well be right but looking at this chart it seems that the real bubble is in the recklessness and irresponsibility of Messrs Bernanke's and Draghi's policy of creating money out of thin air to buy assets!

By Mario Innecco
ForSoundMoney.com

At ForSoundMoney we stand for a hard currency. We believe in a monetary system based on commodity money and a free-market banking system where central banks are non-existant.

Mario Innecco Archive

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