TOKYO, Bloomberg. Investors in the retail class young Japanese move to buy gold as an outside estimate of the effort to protect the
in their financial recession.
"We have never seen one like this. Initially this noble metal price does not exceed 1000 levels," said Noriyuki Abe, executive division noble metal Tanaka Kikinzoku Kogyo KK which has signed more than 4,000 customers per month for gold accumulation plan since October.
Financial shock has been the demand up noble metal in the world, increase sales Austrian Philharmonic gold coins, and to encourage the highest position of all time in the SPDR Gold Trust. According to Abe, the increasing interest in long-term investment plan in Japan at the age of 20 - 40 years is very prominent.
"The investment is slow and stable in line with the values held by the young Japanese, who emphasized the stability in his life," said Koichiro Kamei, managing director Market Strategy Institute Inc., Tokyo.
Gold accumulation program Tanaka Kikinzoku, starting in 1988, allowing customers debiting at least 3,000 yen (U.S. $ 31) per month. Most choose a reduction of 10,000 yen. Gold held by the company on behalf of investors.
Tanaka Kikinzoku record amount of savings increased by 60,000 years ago to about 350,000. Most, 40%, customers aged 20s and 30s compared with three years ago.
The price of gold rose to the highest position in 11 months at U.S. $ 1006.29 per ounce on February 20 following a anjloknya global economy. Japanese manufacturer output down in January reached record indicates that the national recession into the worst since 1945. A number of companies, including Sony Corp. and Toyota Motor Corp. have cut thousands of workers.
Kouichi Saito, manager of trade gold Mitsubishi Materials Corp., the third largest copper producers and Japanese dealers noble metal, open, 33% more personal account of the accumulation of gold in a half years since September.
"We do not think there is increasing like this because we assume the market is saturated with customers aged 50 years and over as the primary," said Saito.
According to the survey, Hakuhodo DY Holdings Inc, ad agencies, the community in Japan age 20 years showed a strong tendency to save money by more than 2 years. "They do not have a car as expensive to merawatnya, does not drink much, and not to go abroad," said Yohei harada, researchers Hakuhodo.