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

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Gold Priced in Yen

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One Hell of a Ride

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That's one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.

Wow.

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