for a central bank to control the value of its currency well the mythical japanese one house mrs watson nobby who has over the past twenty years during a period of low interest and low bond yields have been parking their money overseas and you have the famous yen carry trade where you end up japanese invested in icelandic krona for example or swiss francs to capture the spread on the interest between those two currencies so and of course interestingly enough i mean mrs watson abi she holds the purse strings on the discretionary cash for that entire country and so by tracking her movements you can kind of get a sense of where the cash flows and money flows are going to be so in this sense i mean i've been hearing anecdotally that both mrs watson nobby and her counterpart in china let's call her mrs wang. have been buying gold and as gold has been selling off on the exchange traded funds in new york there's been there's been much more in asia man speak about the huge demand in india in china and as you point out even in japan you're seeing a huge surge in gold demand and if in fact you look at

this is wang the chinese deported typical chinese housewife which is replaced mrs watson nobby yes who is the japanese you know mythical japanese housewife who is forcing changes in the forests market because their interest rates in japan are so low that the housewife who controls all the wealth in japan were bought was buying using the carry trade and other tricks to buy australian dollars or canadian dollars etc so you saw this reflected in the forex market but now mrs watson abhi just like china and japan are now at each other's throat in a new war mrs wenger is now kicking mrs watson avi's butt but going out there and buying gold well it's a shift it's a this is a period of time change because this is what's not to be for fifteen years drove a central bank policy each she drove interest rates down around the world by speculating wildly in the paper markets selling yen buying icelandic krona or european euro's now there's a new buyer in town and they have a different mindset to what was going on in japan though japan i might say mrs watson obvious now out buying gold as well mrs wat

money flows are going to be so in this sense i mean i've been hearing anecdotally that both mrs watson nobby and her counterpart in china let's call her mrs wang. have been buying gold and as gold has been selling off on the exchange traded funds in new york there's been there's been much more demand in asia man speak about the huge demand in india in china and as you point out even in japan you're seeing a huge surge in gold demand and if in fact you look at the price of gold in yen terms it's still essentially at all. time highs i mean it hasn't fall it's about a percent off and it's fairly close that's correct and indeed when the japanese look at that five percent decline and they look at what their government's trying to do and they sense where it's all going now actually they'll just keep on buying gold there will be support but let's listen i'll let me jump in here because a couple weeks ago the m. gold in yen actually made a forty year high and it seems i kind of got fishy in that this is when he had an enormous attack on the price of gold five hundred tons of gold sold in one trade p

this is wang the chinese deported typical chinese housewife which is replaced mrs watson nobby yes who is the japanese you know mythical japanese housewife who is forcing changes in the forest market because their interest rates in japan are so low that the housewife who controls all the wealth in japan where we're bought was buying using the carry trade and other tricks to buy australian dollars or canadian dollars etc so you saw this reflected in the forex market but now mrs watson abhi just like china and japan are now at each other's throat in a new war mrs wenger is now picking mrs watson avi's but by going out there and buying gold well it's a shift is that this is a period of time change because this is what's not to be for fifteen years drove a central bank policy chief drove interest rates down around the world by speculating wildly in the paper markets selling yen buying icelandic krona or european euros now there's a new buyer in town and they have a different mindset to what was going on in japan though japan i might say mrs watson obvious now out buying gold as well mrs wa