https://srsroccoreport.com/the-fed-balance-sheet-the-price-of-silver/
Something quite interesting happened as the Federal Reserve increased
its balance sheet from 2003 to 2012. As the Fed’s balance sheet jumped
from $738 billion to $2.8 trillion by 2012, the price of silver
increased to $30 that year. However, as the Fed continued to increase
its balance sheet by printing money and acquiring worthless assets, the
price of silver changed direction and headed lower over the next four
years.
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