[Editor’s note: Sovereign Man’s Chief Investment Strategist Tim Staermose is filling in today while Simon is teaching at his annual youth entrepreneurship workshop.]
In 1970, one United States dollar bought 360 Japanese yen. It also bought 363 Indonesian rupiah. Today, that same dollar buys just 124 yen. But, it buys over 13,500 rupiah.
Let that sink in. While the yen has gained 190% versus the greenback over[...] Click here to continue reading