So what's the best way to trade the currency wars, and to go long gold?
XAU/JPY
The simple answer is to be long gold/yen, or XAU/JPY. On a day like today when gold is down, instead of buying the normal XAU/USD which is what most investors would do, the best way to play both the JPY decline and potential rise in gold is to go long XAU and short JPY. It's possible to buy Gold against major currencies now and even some exotics.
http://seekingalpha.com/article/1188621-the-best-way-to-trade-the-currency-wars-buy-gold-yen
