Gold rose to a record high at $1,063.60 an ounce on Tuesday. US dollar continues drop and means they are not paying more on their debts. During the financial crisis, the US government been print out a lot of note and issue a lot of debts to help big tycoon.
By way of reduce the debts, they have been not choice and decided allow devalue US dollar to reduce the burden. Once Japan finance minister encourage the strong Japan note policy, they just capture this opportunity devalue it.
However, some funds manager smell the intention of decision maker. Hence, they choose Gold be a investors instrument as well as some countries also chasing on it. There is not surprise the gold price can hit 1,300 an ounce in the 2 months time.
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