The gold price shot past $400 an ounce at the end of last year and has moved higher since. I reckon it has a lot further to go.
I am a gold bug because of my mistrust of the political leadership and central bankers of major countries. In the US, Japan and the EU, governments are running unsustainable deficits and, in the first two, central bankers are also priming the system with free money.
If any one of these powers was doing this in isolation, there would soon be a currency crisis, except, perhaps, in Japan, where money is kept at home in banks no matter what.
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