For more than five years, the global financial system has been weighed under by a currency war that shows no sign of stopping any time soon. Its on of the primary reasons why central banks have resorted to zero or negative interest rates, and why countries like Japan have initiated a policy of endless QE.
But as we know in the gold markets since 2011, something or someone has been carefully creating a disconnect between the monetary metal and its checks against fiat currencies like the dollar. And it is one of the primary reasons why gold prices have not only declined 40% from their all-time highs in 2011, but have also lost its luster to most investors who see gold as a commodity to be bought and sold like a security or stock.
Yet over in China and Japan, Gold is not manipulated by the government and their central banks, and is reflected fairly correctly in the price relations to the Yen and the Yuan. Read More...