With the recent dip in the gold price reports from Japan indicate that the Japanese have been buying gold bullion bars in record time.
With analysts forecasting the price of gold to continue moving upwards, investors in Japan are jumping on the gold bandwagon. One physical dealer in Japan said “we can see good buying from the general public. That is why the market is at a premium”.
Investing in gold bullion, whether it is in Japan or any other country is a long term strategy. With the current financial uncertainties globally, gold appears to be a good insurance policy. If Sovereign debts in Europe continue to grow there is a possibility that the whole system could collapse. The only way to protect yourself is to buy gold.