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
at

1 comment:

  1. dgeorge12358April 21, 2011 at 2:58 PM

    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.

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