The benchmark gold on Tokyo Commodity Exchange hit a record high of 5,000 yen a gram, driven by a weak yen and the continuation of the Bank of Japan’s loose monetary policy.
I expect the eventual endgame to this whole Keynesian monetary experiment that has been going on ever since World War II to finally terminate in a global currency crisis. I'm starting to wonder if we aren't seeing the first domino start to topple.
Another volley of shots has been fired in the currency wars with the Bank of Japan raising its inflation target to 2%. This is likely to unleash a series of reactionary events from across the globe.
Figuring out what the price of gold in the upcoming weeks will be, accommodating all the information we can get from the charts of gold priced not only in USD but in other important currencies.
You have probably read it many times the last couple of days: People are rushing into safe havens such as gold, the Swiss franc and Japanese yen. When the mass is doing something, we pay attention.
