Tuesday, July 5, 2016

Gold a most winning investment in 2016 so far

More than 100% year to date.

The more widely accepted currency (crypto doesn't count) other than Japanese Yen that is least subjected to central bank manipulations and negative interest rates.

I treated it as a speculative asset bubble and maybe that is a correction I should make.

"Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation."
- Druckenmiller

Japanese Yen - poor chaps just can't do anything to lower it!