WHAT HAPPENS TO GOLD IF THE YEN APPRECIATES?
The 'tourist isn't so sure a declining USD would be good for gold
Over the past couple of years, I have argued that gold will rise1, not because of lower US interest rates, higher inflation, or a declining US dollar, but due to persistent Central Bank buying that is the direct result of the west confiscating Russia’s financial assets (forcing other Central Banks to reevaluate their FX reserve holdings). As this is the …