Money Printing Continues to Benefit Gold: Canadian Analysis | BullionBuzz Chart of the Week
This week’s chart ‘Money Printing Continues to Benefit Gold: Canadian Analysis’ focuses on the quantitative easing that has been occurring in various economies, and we chose to use Canada as a focal point. Since the beginning of the year, Bank of Canada assets have increased 347%. From a monetary standpoint, the balance sheet has increased by $415.1 Billion this year. It took over 40 years (1980-2020), in order for Canada to accumulate a similar amount of balance sheet assets. It would seem evident that positive implications exist for Canadian gold and precious metals prices in the future.
Source: Ycharts; BMG Group Inc.