Thursday, January 31, 2013

Young Japanese Buying Gold Bars Becoming Popular Trend

Here is one article reporting that there has been growing number of young Japanese who are selling old gold jewelry to buy gold bars, apparently a growing popular trend now in Japan.

"With the yen continuing to spiral downwards, gold is becoming a quick favorite in terms of investment options with gold prices in Japan hitting a 32 year high. That’s despite international gold prices going in the opposite direction trending lower since the beginning of this year.

With the Japanese currency weakening by 14 percent against the US dollar since last September, gold prices in Japan have soared over nearly 20 percent from the average level in December until now, alone bucking the trend seen in the global bullion market..."

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