LONDON, 9 July 2016 – Global news and data agency Bloomberg yesterday highlighted the surge in Japanese savers using BullionVault to buy gold in Switzerland.
"The number of buyers jumped 62% in the first six months [of 2016] from the second half of 2015," Bloomberg reports, quoting Atsuko Sato Whitehouse, head of Japanese markets at the London-based investment service.
"Many of our Japanese customers think it's too risky to hold gold bars at home," says Atsuko, speaking to Bloomberg Japan at a meeting in Tokyo this week, "and they want to keep them in Switzerland because they are anxious about the future of Japan."
BullionVault users worldwide now own 35 tonnes of gold between them, says Bloomberg's Japanese report – "the same scale as central banks holdings in Malaysia and Slovakia."
Japan's negative interest rate, "unprecedented" QE money creation and stagnant economy, combined with "the heaviest public debt burden in the developed world", are driving savers to seek shelter in gold, Atsuko explains.
English speakers will find the full report – first published in Japanese here – syndicated and republished across the web today at major news-sites such as the Straits Times in Singapore, and US sites including NewsMax and the Houston Chronicle.
It is also published on page 10 of today's edition of the Taipei Times in Taiwan,
You can read the full report at Bloomberg here:
Angst-Ridden Japanese Investors Seen Seeking Haven in Swiss Gold
