Submitted by Stewart Thomson:
The election of the new Prime Minister of Japan, Shinzo Abe, may be a “watershed” event. His powerful commitment to unlimited quantitative easing could fundamentally jumpstart the next leg of the gold bull market.
Abe is committed to knocking down the value of his country’s fiat currency, the Yen. His election probably ushers in an acceleration of the global fiat currency wars, and that’s more good news for gold investors.
Japan is the world’s largest creditor nation, and the 3rd largest economy. If Abe is successful in forcing the Bank of Japan to embrace much more aggressive QE, it could spark what some major bank economists are already calling, “The Great Reflation”.