Tanaka Kikinzoku Kogyo K.K., Japan’s biggest bullion retailer, said sales to local investors may exceed purchases this year for the first time since 2004 as lower prices and the yen’s weakness spur buying interest.
“Japanese individuals are thinking of gold as an asset for their investment portfolio as well as insurance for the future,” said Kate Harada, general manager of the precious metals department at Tanaka Kikinzoku, a unit of Tanaka Holdings Co. “A growing number want to use gold partly to hedge against their yen-based assets such as stocks and properties.”
Read more...
No comments:
Post a Comment