According to this chart by Santiago Capital, the price of gold would have to be up to $53,000/oz. to fully back monetary aggregates (M0, M1, M2).
The current spot price of gold is $1330/oz.
http://www.jsmineset.com/wp-content/uploads/images/dfd8adffa923_8C00/clip_image002.jpg
Wednesday, March 21, 2018
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