13 December 2023
Gold’s appeal in Japan is surging, marking a significant shift since 1971 when President Nixon detached the dollar from gold. This detachment led to the gold price floating from $35 per troy ounce. Now, 51 years later, gold has reached $2,000 per troy ounce, a remarkable 57-fold increase against the US dollar. Currently, gold is priced around $1,980 per troy ounce. This trend underscores the contrast between the unlimited printing of fiat money by governments and the limited supply of gold, highlighting gold’s enduring value and appeal as a stable investmen