Not exact matches
Its value soared with the expansion of U.S.
money supply in the decade leading up to 2011, when it
peaked at US$ 1,918 an ounce.
A decline
in a velocity of M2
money stock as shown below tells us
in simple terms that the M2
money supply is not turning over as quickly as it was at its
peak in the mid 90s:
The amount of newly increased
money supply peaked in 2012, totaling over 26 trillion yuan (US$ 4.1 trillion), with China accounting for nearly half of it.»
The
money supply peaked in 2011 and has been falling along with commodity prices.