Japanese investors are buying gold and placed it in a vault in Switzerland against the backdrop of low interest rates and fears of a possible impairment of the yen - at AMarkets materials.
Japan's sovereign debt is growing all the time - the number one in the developed world in terms of public debt. The Bank of Japan has launched a large-scale program of buying government bonds. Local investors and wealthy individuals simply can not but worry. In the first half of 2016 the number of Japanese who buy gold as a protective investment, rose by 62% compared to the last half of 2015. At the same time, polls show, the majority of Japanese do not want to store gold bars at home - too risky. Instead, the citizens of the country of the Rising Sun prefer Switzerland. Gold prices rose to a 2-year high.
Assets in ETF-funds linked to the yellow metal rose by 37% in a volume equivalent to 2 thousand. Metric tons.Not only Japanese, but also citizens of other countries, prefer to keep the gold out of the country. So, Americans hold bullion abroad, for fear of confiscation. Still fresh memories of confiscation in the 30's (the Great Depression). Half-British investors also kept their money abroad. Such data are BullionVault (the largest online service for gold investment assets).