Ben Bernanke's chairmanship sends gold skyrocketing

written by Mike on November 1st, 2007 @ 01:03 AM

Easy Money Ben Bernanke has been great for holders of gold. Under his chairmanship gold has gone from $466 an ounce on October 24, 2005 to today's price of $800 an ounce. Can't say he's been as good for holders of US Dollars.

Thanks goes out to one of our favorite blogs, The Mess That Greenspan Made, for putting the work in on the chart: Golden Ben Bernanke

And David Merkel, another of our favorite bloggers, points out that since the last FOMC meeting:

  • Canadian dollar up 7%
  • Euro up 5%
  • Swiss franc up 3%
  • Yen flat
  • The S&P 500 returns 4.5%

And to think, he managed to do all that at the same time as we had low to no inflation! (sarcasm fully intended)

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