M2 Money Supply vs Gold/S&P 500 Ratio

M2 Money Supply

M2 money supply (trillions USD)

23.41T USD
+3.17%
Normal Growth
23.4 22.9 22.4 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26

Gold/S&P 500 Ratio

Gold price vs S&P 500 ratio

0.528
-15.53%
Gold Expensive

Indicator Comparison

M2 Money Supply Gold/S&P 500 Ratio
Current 23.41T USD 0.528
Change +3.17% -15.53%
Status Normal Growth Gold Expensive
Data Source FRED M2SL Yahoo Finance GC=F
Update Frequency Monthly Daily
Last Updated September 1, 2026 November 3, 2026