Monday, 1 August 2011

Gold vs US Debt: Another Handy Chart

Not quite what we'd call 100% correlated ... but entertaining nonetheless


Source: TF Metals Report

7 comments:

Richard Elliot said...

Wow, I hadn't realised US debt has only really been taking off since 2002.

Anonymous said...

Start of the war on Terror - quite costly as it turns out

Sackerson said...

Have just developed this notion on the Broad Oak Blog, looking at total debt since 1952.

Nick Drew said...

Richard, anon - it's worth also taking a look at Sackers' charts, and CU's below, going back even further: 2002 was by no means the start of this (- and Clinton by no means a culprit)

Sean said...

over the long term the historians will say "Nixon Shock"......and I dont think they will be wrong.

Blue Eyes said...

Richard, these things always look more steep because of inflation. However Obama has presided over a massive dash for debt.

Clinton actually ran a surplus for a year or two!

As with personal finances, running up a debt is much easier than paying it off :-(

Richard Elliot said...

Hadn't seen CUs graphs. That helps put things in a bit more perspective.