The Japanese are Dumping their Gold

In Japan, people who are old enough to have lived it as adults still reminisce about the bubble that blew up in 1989 when the Nikkei almost hit 40,000 (now at 9,045) and when the sky-high prices of real estate could only go up further.....

"Historically, gold flowed to wealthy countries," said Itsuo Toshima, former Japanese representative at the World Gold Council. And a massive gold outflow, he said, is a sign of Japan's "declining economic power."?
.......................   Wolf Richter (Testosterone Pit)

Perhaps, selling gold may very well be the only way that many Japanese can raise the money they so desperately need.

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