Gold hit a new record high today for those buying in euros. Let's investigate gold in US dollar terms and in the Yen.
Gold Priced in Yen
One Hell of a Ride
That's one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.
Where to in US$?
Gold is roughly $300 away from a record high in US dollars.
I expect it to top that easily within a couple of years and by the end of 2020 would not surprise me in the least.
Fed monetary printing and US deficits are out of hand.
Mike "Mish" Shedlock