This page is created to monitor the balance sheet of the U.S., Eurozone, Japan and the United Kingdom.
There is a strong correlation between the price of gold and the expansion of the total sum of all central bank balance sheets in the world.
ECB = blue
U.S. Federal Reserve = red
Bank of Japan = green
Bank of England = orange
(The Chinese balance sheet is not included in this graph as it is not available on FRED)