Japanese gold buying surged dramatically in early March 2024 when the Bank of Japan diverged from market expectations by committing to indefinite yield curve control, causing the yen to weaken from 146 to 155, which triggered Japanese investors to exercise the 'call option' on gold as insurance against currency collapse and financial system stress.
causalpending
Speaker
Louis VanthoffEvidence Quote
“if you go back to March early March the boj says oh we're going to sit on the yield curve forever which goes against Market expectations the Yen moves from 146 to 155 very quickly and the Japanese start buying gold like crazy”
Source
From Wedlock to Deadlock: The East-West Divorce - with Brent Johnson and Louis Gave— In Gold We Trust [EN]Created: 8/12/2026, 6:04:21 PM
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