Bloomberg by way of Tapei Times/7-9-2016
“Japanese investors are buying gold to store in Switzerland because of negative interest rates and fears the yen might depreciate as the government grapples with the heaviest public debt burden in the developed world, according to BullionVault Ltd, an online trading and storage company. The number of buyers jumped 62 percent in the first six months from the second half of last year, said Atsuko Sato Whitehouse, head of Japanese markets at the London-based investment service.”
MK note: A reminder that China is not alone in its interest in gold ownership. Its Asian neighbor, Japan, can also bring considerable demand to the table once it sinks in among the populace that currency devaluation and negative interest rates directly target the frugal saver – in fact indirectly taxes investment and savings. It seems that thought and its remedy have taken root in Japan, and in turn, Japan has taken its place in line at the global gold window.
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