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Figure 2: The First Difference of the Log of Gold Price (i.e., dlgp = 1gpt - Igpt-1) O - MW N 1975q1 1980q1 1985q1 1990q1

Figure 2: The First Difference of the Log of Gold Price (i.e., dlgp = 1gpt - Igpt-1) O - MW N 1975q1 1980q1 1985q1 1990q1 1995q1 2000q1 2005q1 2010q1 time

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