Fearing Confiscation, Japanese Savers Rush To Buy Gold And Store It In Switzerland
by Tyler Durden
ZeroHedge.com
Jul 8, 2016
In the face of a clear lack of trust in Japanese leadership, local investors are buying gold to store in Switzerland. The reason: they are increasingly worried about confiscation which is why they are storing it half way around the globe. The number of buyers jumped 62% in the first six months from the second half of 2015, Atsuko Sato Whitehouse, head of Japanese markets at the London-based investment service, said this week.
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