GREY:AVGCF - Post by User
Comment by
europe10on Mar 15, 2011 10:28am
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Post# 18286702
RE: RE: I had no idea Japan is
RE: RE: I had no idea Japan isJapanese insurance companies are dumping all kind of assets to raise cash for obviuos reasons and repatriating the money, making the JPY strengthen.
Most insurance companies are not allowed to hold physical metals. But with the invention of ETF's they are indirectly loaded with Gold - and likely selling some of that