AAAU - Money Supply Rockets 25% In Just Two Weeks: Got Gold?

• The amount of dollars in checking accounts in the US banking system exploded by 25% from Nov. 16-30, the fastest rate in history, including the immediate post COVID-19 printing bonanza.
• The money, an unbelievable $1.3 trillion, came from savings accounts. The transfer coincides with the expiration of most mortgage forbearance plans and the shipping container fiasco at international ports.
• Checking deposits are used for payment, savings deposits for investment, suggesting more spending and less investment, meaning stagflation is about to pick up in a big way.
• In the high stagflationary years of 1978-1980, checking deposit growth outpaced savings deposit growth. In the high growth low inflation years 1994-2000, checking was unchanged and savings grew 55%.
• Consumer price inflation is about to pick up fast, and the window to buy gold and silver to protect against a dollar collapse is closing.

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