Is There A Panic Out of Paper Currency In Japan? Small Physical Silver Bars Disappearing From Dealers in Tokyo!
Is there a panic out of paper currency in Japan? I have been reporting in the EPJ Daily Alert
that the Bank of Japan may launch a major money printing campaign once BOJ Governor Masaaki Shirakawa’s term ends early next year. He is likely to be replaced by someone much more in favor of aggressive money supply growth. It appears concern about this is emerging among parts of the Japanese people (but not all).
Nick Badalamenti points me to a blog post from Mike in Tokyo
, which says in part:
Tanaka is about as good as you can get in Japan. Last week I went with a friend to Tanaka Precious Metals to investigate the status of the market availablity of silver.
What I found was a shock.
The last time I was at Tanaka over a year ago, they sold silver bars in sizes from 25, 50, 100, 500 and 1000 gram bars. A 1000 grams is a kilogram. After that, they sold only 30 kilogram bars (that’s a hefty piece of metal!)