"Even thought the IMF head says there are no currency wars in progress, nothing could be further from the truth as one just has to look towards Japan and others. Someone or some group is certainly fearful of where these increasing currency wars end up. Any currency devaluation will always mean, if you have gold and silver or related items you keep your purchasing power."

The "Currency War" expert, Jim Rickards would also disagree.

Jim Rickards: Currency War 3 Has Just Begun

Last two ran for 15 to 20 years