Monday, November 4, 2013

I like gold in terms of Yen

I like gold in terms of yen, not in terms of dollars, and it's predicated on the fact that the Bank of Japan has made it abundantly clear under Abenomics that they're going to expand the supply of Japanese reserves in the system aggressively. That should lead to some inflation and that will tend to help gold in yen terms, but gold in dollars? I could really care less about it.