Ben Davies tells King World News:
"... And if they (Japan) do it themselves, and if they do it badly, ironically, having not had inflation for such a long time, they could actually cause it (inflation) to ratchet up demonstrably. And, yes, there is a non-negligible risk of hyperinflation.
"Now within that prism, clearly hard assets remain a very important part of one’s portfolio. I suspect that Japanese pension funds, insurance companies, banks, although they have to buy government bonds as almost a public edict because they can’t place the bonds, but talking to managers, there are switches going into the precious metals market. They are definitely buying up gold. Pension funds are doing that (buying gold). So there will be allocation shifts there. ..."
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