JFI,
I am very impressed with the gold to monetary base graph, specially for two perios, namely:
1) the period starting in 1918 and ending in 1971, when the price of gold was fixed and the monetary base never stoped expanding, and
2) the period starting in 2008 and ending in 2014 during which the Fed accumuled assets in excess of 4.5 trillion
I can see that more the monetary base increased more the index felt.
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