Bill Bonner is the Founder and President of Agora Publishing, one of the world's most successful consumer newsletter publishing companies, and the author of The Daily Reckoning. Bill Bonner is also a frequent contributor to Strategic Investment. Bill Bonner is the author, with Addison Wiggin, of the New York Times business best-seller Financial Reckoning Day: Survivng The Soft Depression of The 21st Century.
Gold was a terrible investment for most of our adult lives. But the thing about gold that makes it a terrible investment most of the time makes it an exceptionally good one occasionally.
Even though the Bank of Japan took its first, tiny baby step towards normalizing interest rates, the yen fell on the news, because the BOJ had showed, once again, that it was ready to keep supplying the financial trade with all the low-cost credit it wanted, and that nothing much would change.
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