Japanese Depositors And Investors Are More Crazy About Buying Gold.

Japan is now further away from the so-called "Krugman era" economy, and further falls into the so-called "Bernanke era", which needs an economy that helicopters scatter money.

Before inflation came, the Japanese people were rapidly protecting their purchasing power of deposits.

Japanese investors clearly lacked confidence in the Japanese leadership and chose to store the gold they bought in Switzerland.

The reason is that Japanese investors worry that their savings may be confiscated in the future, so they choose to store gold all over the world.

Atsuko Sato Whitehouse, head of Japanese market, vault investment company, said that the number of Japanese customers increased by 62% in the first half of this year compared with the same period last year.

Gold prices have risen by more than 2 digits in the past month.

The big thing is coming. Japan is preparing for the first ever helicopter money disposal plan.

The yen has strengthened significantly.

Still in the negative range, Japanese depositors began to worry about the future of their savings.

This is entirely understandable.

To be sure, Japan's demand for gold has not just emerged.

In March, when yields on Japanese treasury bonds fell to negative ranges, such as Vaultoro,

The company's gold sales increased by 13% because of the rise in pactions from Japan.

After the Bank of Japan implemented the negative interest rate policy, Japanese depositors and investors are flocking to the gold of the safe haven.

A few months ago, we reported that the demand for safe boxes in Japan was in short supply, and a few months later, the Japanese began to flock to gold.

As we pointed out in February, "Japanese consumers are hoarding cash, which is what the Bank of Japan does not want to see after it implements the negative interest rate policy."

The Wall Street journal pointed out today, "the Japanese have a safe deposit box.

It's going up.

Because no matter what the central bank does, the interest rate of the cash is zero. "

But something has changed, because Japanese investors believe that the ghost of Roosevelt's new deal is coming to Japan, and the government will start to confiscate the gold in their hands.

Whitehouse said, "many of our Japanese customers think there is too much risk of storing gold in Japan.

They hope to have gold in Switzerland.

Because they are very worried about the future of Japan. "

Japan's economic stagnation has been going on for 10 years, and the government's fiscal and monetary stimulus brings only about 2 times more public debt than Japan's annual economic output.

At the same time, the Japanese worry about the future is right.

The Bank of Japan's current plan will eventually fail.

The yen has continued to rise in the past year, as investors see yen as a hedge asset like treasury bonds, silver and gold.

This means that the price of gold denominated in yen has fallen by 2.5% in the past period, while the gold price denominated in US dollar has risen 17% in the past period, reaching 1357.54 US dollars / ounce.

The soaring yen did not prevent some commentators from predicting the collapse of Japan.

Yukio Noguchi, a former Japanese Ministry of Finance former official, a university professor and a best seller writer, predicts that the failure of the Japanese government's stimulus policy will push the yen to the level of 300:1 against the US dollar.

On Friday, the yen was only 101:1 against the US dollar.

In Japan, from wealthy elderly businessmen to young people and women, whether they have experience in foreign countries or want their assets to be protected, because the global economic and political risks are rising, especially after the result of the British referendum exit from the EU, the Japanese are seeking to avoid paradise.

Whitehouse said the company found that Japanese investors were similar to overseas investors.

Most American customers also store their gold assets abroad because they worry that the gold assets will be confiscated during the great depression in the 1930s.

Nearly half of British customers also store their gold assets abroad.