via Kitco.com - Gold In Yen

The 10-year chart in Yen is the most interesting, because once a certain price was reached, the gold price remained the same. Anticipating that Yen/dollar us partially a 'driver' in the gold rally, Yen gold prices aught to remain where they are. It would be entirely ironic that gold prices complete their bull market in this fashion in $US, once the price high has been reached. This is why the value is in the gold miners, not necessarily the bullion.

http://www.kitco.com/gold_currency/index.html?currency=jpy&timePeriod=10y&flag=gold&otherChart=no

-F6