'Abenomics' risk spurs demand for gold

Any one have some info on buying gold coins/bars? Price differences/limit to not fill out any forms/best places to find deals/etc? I'm not in Tokyo. Thanks

use the free-phone to ask tanaka kikinzoku who they deal with near you http://gold.tanaka.co.jp/commodity/souba/index.php

A subscription based organisation but you may find some use full info on investment strategies. There are correct and incorrect ways to buy gold google elevation group. I am not a paid subscriber.

The gold price has slumped recently, although maybe not in Yen terms. Mudanomics doesn't seem to have had much impact.

one salesman said. “But if your house burned down and you lost everything, gold is fire resistant and you would still have it.”

thank you for your free and invaluable advice :(

The timing of this article is pretty poor. Gold is down from 1560 to 1375 an ounce in the last week or so. although that may mean it is time to buy some as an insurance policy against all the money printing going on around the world.

I am a believer in gold and especially silver. You definitely want to stay away from the Gold/Silver ETFs (exchange traded funds) that are selling "paper" gold/silver and get the real thing in hand. People have been selling off the ETFs and is the main reason for the price drops plus the naked-short selling.

Kitco is probably #1 for pricing and they do offer "pool accounts" where you can virtual buy/sell (trade) and take out in physical when you want to. APMEX is probably the largest retail seller in precious metals now.

You need to buy from an established dealer, because there are many scams out there. Fisch makes a coin detector that has been the standard. A gram scale, and micrometer (weight/size/shape) will work also.

i think these peeps are pulling the trigger too early. gold will probably go down much further in the long run if/when abenomics crashes, as they so believe.

Thanks all

Abenomics is simply money printing (the same as Obama/Bernankenomics), and the simply reason to buy gold when faced with Abenomics is that our stupid politicians can not create gold out of thin air, the way they create money (while telling us that that is a solution).

Of course, on the way to the hyperinflationary Nirwana that Abe/Bernanke/Obama are taking us to, gold might still have a few dips. But in the long run, the fact remains: gold has real value, funky paper produced by Abe and "Helicopter" Bernanke has not.

If you look on eBay etc you will see many people selling fake gold micro-plated and even fake silver. The very good gold fakes will have tungsten which is similar in weight to gold (see Federal Reserve tungsten gold bar). I only do coins because I feel it is easier to weight/size/shape them and to pull out the fakes -with a bar you need a complicated x-ray spectrometer to detect composition. With a silver coin just dropping it on a hard surface give a very distinct silver-only sound. There are NGC and PCGS (certified carded coins) out there also.

For gold you can get 1/10, 1/2oz but usually people want the 1oz (troy oz weight). US Mint sells proof gold retail. Bullion gold is in 20 count rolls.

http://www.tokuriki-kanda.co.jp/ (note they sell jewelry etc --> you want this to trade/exchange = coins/bars can get lame after while especially if married)

http://www.goldbarsworldwide.com/PDF/NBA_31_Tokuriki.pdf (English about their bars)

Many times people have a hard time saving cash (they spend it). =Easier to save gold/silver and store wealth especially in an inflation environment.

There are NGC and PCGS (certified carded coins) out there also.

=I didn't say that right. Usually people think because they have a carded NGC or PCGS (graded/carded with a number) coin they think they are safe from fakes. ==> but there are actually fakes of these also and since they are sealed you can't tell if they are fake.