Sell gold one after another! What is the situation?, Japanese people
Recently, the price of Japanese gold has reached a new historical high. On August 29th, the retail price of gold broke through the 10000 yen mark for the first time, equivalent to approximately RMB 496 per gram. As gold prices continue to rise, physical gold trading in Japan is showing a frenzy.
Affected by the dual effects of international gold prices and the depreciation of the Japanese yen, the retail price of Japanese gold has recently hit a new historical high.
Against the backdrop of continuously rising gold prices, many people want to seize the opportunity to sell their idle gold jewelry at home. The reporter learned from a gold shop that since the sharp rise in gold prices in August, the number of customers selling gold products in the shop has increased by 50%. Cao Jiantuo is also an amateur gold investor who started investing in gold ten years ago. He believes that compared to investing in the stock market, the professional threshold for buying and selling gold is lower, and it can be quickly sold when the market is not good.
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Japanese consumer Takuya Kusama: The price of gold purchased in 2018 and 2019 was around 5000 yen per gram, but now it has reached 10000 yen, almost doubling, much higher than I expected. Therefore, I plan to sell them all today.
The main reason for the rise in domestic gold prices in Japan is the recent trend of accelerated depreciation of the Japanese yen. Recently, the Japanese yen exchange rate fell below 147 yen per US dollar, setting a new low since November last year. The depreciation of the Japanese yen has further exacerbated imported inflation in Japan, leading to sustained price increases in areas such as food, daily necessities, and transportation, as well as an increasing cost of living. Compared to earning high profits, more ordinary consumers hope to preserve their assets by purchasing gold, and some young people have started to lean towards gold based jewelry when choosing accessories.
Not only has the price of physical gold skyrocketed, but the price of gold futures denominated in Japanese yen has also recently risen, breaking through the 9000 yen per gram mark and continuously reaching historical highs. Gold, which is considered a safe asset, is increasingly attracting the attention of young people. Many people have opened gold investment accounts, and investment funds related to gold are also favored.
![Sell gold one after another! What is the situation?, Japanese people](https://a5qu.com/upload/images/9f970e91bfa78132e6fef95f63c24efa.png)