BANK OF JAPAN SET TO UNLEASE MASSIVE COST-PUSH INFLATION, PROPEL GOLD WELL NORTH OF $2,000
by Stewart Thomson
SilverDoctors.com
APRIL 3, 2013
All financial eyes should be focused on the BOJ (Bank of Japan) right now. Money managers are calling this week’s BOJ meeting, the most important one in many years. Key market players expect Governor Kuroda to imitate Ben Bernanke’s actions, and begin buying longer maturity bonds, and more of them, with electronically printed yen.
Kuroda has said he will do “whatever it takes” to get the Japanese inflation rate up to 2%. Cost push inflation (CPI) will likely be the horrific consequence of doing “whatever it takes”. Japan is the 3rd largest economy in the world, far larger than Germany, which is number 4. CPI could devastate Japanese savers. Worse, because Japan is such a large economy, CPI could spread around the world, and I think it will.
The only good news about CPI is that it could push the gold price well above $2000, and push your gold stocks to new highs
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