Market Data
Price
22,879
24h Change
+0.72%
About M2 Money Supply
M2 Money Supply measures the total amount of money in circulation including cash, checking deposits, savings, and money market funds. Rapid M2 growth signals potential inflation, which is bullish for precious metals.
- M2 grew by ~40% from 2020-2022 during COVID stimulus programs
- Gold prices tend to track M2 growth over long periods
- M2 contraction in 2023 was the first since the Great Depression
- Money supply growth above GDP growth is inherently inflationary
- Many stackers view gold as protection against monetary debasement