japanese nikkei index in gold

sound money analysis & perspective

nikkei 225 priced in gold. useful for decoding multi-decade japanese equity recoveries that are often yen devaluation and boj intervention dressed as growth. when the nikkei rises in yen but falls in gold, monetary engineering is doing the work. this chart is unique: yen-denominated and cpi-adjusted nikkei series still inherit fiat assumptions. nikkei-in-gold is the irreplaceable check on whether japanese equities compound hard-money wealth.