The Currency Reset and When I think It Will Happen. (youtube.com)
It's the dollar price of gold that matters.
In the past year, inflation. Gold is up between 15% and 25% in most important currencies. 15 in places like Canada and Australia and Singapore, 25% in Switzerland (are wealthy people moving into gold?) and Japan (yen at multi-decade low against Japan letting interest rates gradually rise a bit). Russia's currency, despite tons of sanctions etc, is only down 8% to gold. I have questions about why the best countries, Japan and Switzerland, most controlled, wealthy in terms of non-GPD factors, highest sociability, have the highest inflation and maybe it therefore is a signal of it actually being something good happening not bad. Japan lets you borrow at 1% and invest anywhere in the world for 5-7% at risk-free rates. This trend unwinds quickly when things reverse. Without meaningful rate hikes there's no way to compete. Japan saw inflation but only up to 3% while other countries saw up to 9% or something, giving people more confidence in the idea that Japan has something that makes them never going to have meaningful inflation. So perhaps Japanese will make all their money in these inflationary years from overseas sources and in the next stage Japan will just have more money inside.