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How Gold will benefit from a Currency War
by alexoscarew | February 16, 2013 at 09:33 am
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http://newsdoors.blogspot.com/2013/02/how-gold-will-benefit-from-currency-war.html
Gold stands to benefit from a currency war.
SAN FRANCISCO (MarketWatch) — Talk of a so-called currency war has been heating up, and it might finally light a fire under gold, too.
Efforts by countries such as Japan to boost growth with massive stimulus programs — which in turn have devalued their currencies, an aid to exports — can benefit prices for gold. These have started to alter the precious metal’s relationship with the foreign-exchange market and expand its role as a safe-haven asset.
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