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Japan Joining China and India in Buying Gold




Ben Davies, CEO of Hinde Capital has stated in an interview with King World News that Japanese investors are returning to gold. A summary of Ben Davies' interview can be found here.

Japan comes as a surprise into the "gold buyers' club", but will be another strong player that will give another push to the price of the yellowish shiny metal.

Davies believes that the slow growth of the Chinese economy will have a negative impact on gold prices.

In case of Japan, it's rather the population and the individual investors who are buying investment gold, while the national bank is rather a seller than a buyer.

Japan is printing money, similarly to the USA. This fuels the population's "hunger for gold".

An article by MineWeb.com is entitled "Japan Joining Indians, Chinese as Major Gold Buyers", illustrating the weight of Japan.





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