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The days of slowing and falling money supply growth rates are over.
Money-supply growth accelerated, year over year, in August by the largest amount in 23 months, and August was the third month in four months that the money supply has grown, year over year.
The current trend in money-supply growth suggests a significant turnaround from more than a year of historically large contractions in the money supply that occurred throughout much of 2023 and 2024. Since April 2023, year-over-year growth in the money supply has slowly inched upward, and the money supply appears to be, for now, in a period of stabilization overall.
Looking to month-to-month growth, the money supply has been largely flat for 17 months, coming in between $18.8 trillion and $19 trillion with only small variations, month after month.
The positive money-supply growth of recent months ends an eighteen-month period, from late 2022 to mid 2024, during which the money supply repeatedly contracted, year over year. In August, YOY growth in the money supply was at 0.75 percent—the highest since October 2022. August’s growth rate is up from July’s decline of 0.5 percent, and was a sizable reversal from August 2023’s YOY decline of 10.9 percent. […]
— Read More: mises.org
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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