Just as the Beatles sent the world into a frenzy in the summer of ‘64, rockstar Prime Minister Shinzo Abe’s latest hit “Abenomics,” is taking Japan by storm. Since announcing his economic jumpstart policies back in November, the Nikkei (^N225) has surged 70%, and now comes fresh evidence that the economy has improved as well, with GDP climbing higher due to strong exports and factory output.

Economists and investors may be praising the sweet tunes of “Abenomics,” however the successes are coming at what some are saying is a steep cost. “[Abenomics] has made the stock market go up quite a lot, it’s been dramatic, but it’s made the currency collapse,” legendary investor Jim Rogers, says in the attached video.

“The [Yen], which is one of the major currencies of the world, has collapsed 27% in no time,” Rogers notes. “It’s a very, very dangerous move.”

Since the Yen blasted through 100 parity level with the U.S. dollar, its slide has continued to a new 4-1/2 year low.

As a general rule, Rogers is skeptical of governments that devalue their currencies. “I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is.”

Rogers, who started the legendary Quantum Fund with George Soros, says the Japanese government is being coy about the deleterious effects of the Yen’s slide because Mr. Abe wants to win elections this summer, and it will ultimately be the Japanese citizens who will be left holding the bag.

An ounce of gold, often represented by a single American Eagle coin, is a fairly easy thing to visualize. Even a 400 ounce gold bar, like the ones held at Fort Knox, is a fairly fathomable concept. But when you try to get your head around just how much of the metal an ETF like the SPRD Gold Shares (GLD) owns, it can get a little daunting. And the same is true when you try to track how much they've had to sell as the price of gold slips to a 2-1/2 year low.

"300 tons," says Tom Lydon, the editor of ETF Trends, in the attached video, calling the disposal of over 600,000 pounds of gold so far this year "amazing" and "incredible."

This, of course, as the largest metal-tracking fund has gone from briefly being the biggest ETF, to being a top-5 player after being cut in half to approximately $46 billion in value today, holding just over 1,000 tons of gold in its vaults.

While gold is clearly out of favor forcing the hand of holders to sell into weakness, Lydon says it won't always be that way.

"Central banks maybe aren't as concerned," he lists as one reason why gold is down. "I think the average investor, with stocks and bonds doing so well, I think they say, 'hey, I don't need to hedge, so that gold position I had, I'm going to put that into stocks for now.'"