The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

And given that paper prices have been so low — Maine notes that since late 2000, they’ve declined 24% — the price hike may seem larger than it actually is. Even with the price increase, Lenox ...

Newsprint prices in particular have risen faster than other kinds of paper, up 18% year-on-year in July. Only magazine paper (16%) and cartonboard (i.e. packaging, 20%) rose a comparable amount.