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Friday, March 28, 2014

Japanese Scramble To Buy Physical Gold

http://www.ft.com/intl/cms/s/0/59aad556-b58f-11e3-81cb-00144feabdc0.html

Investors are being drawn to the metal not just because of higher taxes, said Itsuo Toshima, an adviser to pension funds.“Slowly and steadily, people are preparing for the worst, which is the failure of Abenomics." “To protect the value of wealth, gold comes into play as an inflation hedge, and if the economy goes back to deflationary circumstances then, again, money seeking safe havens would flow into gold.”

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