Wednesday, April 20, 2011

For the Record

And the vision that was planted
In my brain remains
Within the sound of silence
--Simon & Garfunkel

Gold has crossed $1500/oz. Silver now stands above $45/oz.


Another milestone met largely with...quiet.

position in gold

1 comment:

dgeorge12358 said...

The Fed's gold holdings have not changed — it still holds 261.5 million ounces of gold — but the monetary base, M1, and M2 have expanded tremendously.
~Patrick Barron

Quite simply, there is less gold available relative to the ever-expanding money supply. The US dollar price of gold has been actively monitoring the situation.