US M2/Gold Ratio

The US M2/Gold Ratio expresses the relationship between US M2 money supply and gold. The chart shows US M2 money supply in billions of US Dollars (USD)divided by the price of one ounce of gold in US Dollars (USD) since 1968.A high ratio indicates that a bigger quantity of gold is needed to cover the US M2 money supply and vice versa.

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