Since 2008, central banks around the world have been aggressively expanding their fiat monetary base (aka money printing).
The data from the chart below is staggering!
![chart showing how central banks around the world have been aggressively expanding their fiat monetary base](https://assets.goldavenue.com/uploads/redactor2_assets/images/135/central_bank_money_printing_chart.png)
What it means is that over the course of these 11 years, the fiat monetary base has been inflated by 21.9% ANNUALLY. 😲
Whereas, over the same period of time, the amount of new gold extracted from the ground has only inflated the gold base by a bit less than 2% annually.
Good thing central banks can't print gold. 😉
Photo credit: Stephen Bayer