Japan Gold Market (JapanGoldMarket) Japan Gold Market Introduction As a East forex cashback-poor country, Japan relies on imports for almost all the gold needed cashbackforexbtc the domestic Eastforexcashback Since 1973, Japanese gold dealers were allowed to import gold directly. In March 1982, its predecessor was the Japan Precious Metals Association, the members of the association are engaged in gold, silver forexcashbackcalculator other precious metals business for many years, due to the rapid development of the Japanese economy, the demand for gold has increased a lot, but the domestic gold resources are very scarce, gold needs a lot of imports from the international market, in th cashback forex premise, the gold market was born The Japanese gold market was established Initially, due to the management system, the actual operation method are not on the right track, similar to the transaction process is very cumbersome, therefore, the daily trading volume is very small with the rapid development of the economy, making a large number of investors to invest in gold, and gradually formed an influential gold trading market in the international In recent years, Japans gold market development is more active, coupled with the growing economic strength, making Japan Gold market has grown to be the main force to promote the fluctuation of the Asian gold market Classification of the Japanese gold market The Japanese gold investment market can be divided into three categories The first category is the high-end customer market The high-end customers with strong financial strength are very favorable to 99.99% kilogram gold bars, such as Sumitomo, Mitsui, Mitsubishi and other large consortia launched 10 kilogram gold bars in the thousand and two boxes The second category is the middle class market Middle class investors tend to Buy gold and silver coins or participate in gold accumulation plans, buying a small amount of products every month for several years The third category is the speculative institutional market Speculative institutions are generally involved in the Tokyo Industrial Commodity Exchange (TOCOM) futures and options contracts trading 1, high-end customers Wealthy and wealthy high class love to buy a thousand two boxes In the high-end customer market popular thousand two boxes with traditional treasure box packaging 5 to 10 kilograms of gold bars Or 100 to 500 1 ounce gold coins, of which, 1,000 grams and 500 grams of gold bars are the most popular they are mostly made of imported London gold melted ingots, Tanaka, Mitsubishi and Sumitomo brand is the most famous 2100 yen per gram of gold ingots retail price difference of 60 yen per gram, the ratio of about 3% The reason why such an expensive price difference can also be accepted by customers, because customers actually In 2006, Japan sold 22 tons of 1,000 taels of boxes, 68 tons of gold bars and 11 tons of gold and silver coins. A gold investment business called "Gold Accumulation Plan" "Gold Accumulation Plan" means that the customer buys gold with a fixed amount of yen every month, and buys more when the gold price is low and less when the gold price is high, and when the contract expires, the customer can cash in the accumulated gold or This plan starts at 3,000 yen per month and charges a 1% to 2% commission. The plan is generally a one-year contract, but customers can purchase gold for three to five years in a row. The gold is kept in either an allocated or unallocated account where the clients gold reserves are protected in the event of the contracting partys failure or bankruptcy. They include mining companies (such as Mitsubishi Materials, Sumitomo Metal Mines, etc.), bullion institutions (such as Tanaka Precious Metals), general trading houses (Sumitomo, Mitsui, Mitsubishi, etc.) and futures companies while commercial banks and credit card companies act as gold accumulation retailers under the protection of these wholesalers According to the World Gold Council, Japans gold accumulation program opens 480,000 accounts each year, storing about 190 tons of gold for customers. In 2006, the gold accumulation plan was promoted as part of the personal pension plan for the baby boomers. 5 billion yen of pensions will be paid in one lump sum in the next three years, so the competition among banks in this market will be extremely fierce. 3. TOCOM) is the largest commodity futures exchange in Asia, its annual gold futures trading volume is second only to the New York market, ranked second in the world exchange gold trading contract unit for 1 kg, each contract original deposit of 90,000 yen (about 5% of the transaction amount), commission of 300 yen to 500 yen, the daily fluctuation limit of 60 yen / gram 2005 Tokyo Industrial Products Exchange Gold futures trading volume was 17,958 tons, and in 2006 the volume of gold futures contracts increased by 24% to 22 million, or about 22,228 tons Since November 2005, the centralized buying on the Tokyo Industrial Products Exchange has affected the international gold price Many individual speculators have transferred their stock market profits to gold futures, relying on the momentum of high gold prices brought about by the depreciation of the yen against the U.S. dollar made large profits In June 2005, many commodity futures traders began buying gold in large quantities Many trading companies participated in arbitrage activities between the Tokyo Industrial Commodity Exchange and overseas gold markets Investing in gold futures on the Tokyo Industrial Commodity Exchange requires a margin of about 5% Investors buy at $450/oz, sell at $480/oz, and then buy at As the gold price continued to climb, the trading volume continued to increase until it doubled. The Tokyo Commodity Exchange believed that the trading was too hot and that the speculative bubble should be cooled down properly, so it increased the original margin ratio. The exchanges daily fluctuation limit was adjusted from 60 yen/gram to 100 yen/gram