Northern Journal
By Nathaniel Herz
Aug 30, 2024
Alaska caught black cod is oily and delicious, and it's selling at rock bottom prices right now in part because of the devaluation of the Japanese yen.
I do not ever attempt to buy or sell individual shares of publicly traded companies — I’m too financially incompetent. Consequently, I would not ever suggest turning to Northern Journal for personal financial advice or stock tips.
However, this is a column wholly dedicated to telling you, quite assuredly, how you can personally profit from the weak Japanese yen, which recently hit its lowest value against the U.S. dollar in decades.
Run, do not walk, to your nearest fish market to buy some black cod — a species that’s being sold for cheap in U.S. markets as its Japanese customer base has eroded.
In due course over the next thousand words, I will provide you with ample scientific background and narrative justification for why you should eat more of this underrated, undervalued denizen of the deepwater Pacific. (If you are a fisherman or fishing community resident whose freezer is already full of black cod, sorry for my patronizing tone; you can skip this column.)
Such is my confidence that I will first make you an aggressive proposal:
If you have never tried black cod before, go and get some. It is selling for $9.99 a pound at Costco in Anchorage, the same as fresh silver salmon.