Chapter 0274 - Hiding Gold from the People
Moreover, apart from the private wealth gold in the hands of Japan's major gold dealers, it can only be the official gold reserves of the Bank of Japan.
But unfortunately, the official gold reserves of the Bank of Japan are only a few hundred tons, and that bit of gold is not enough to even plug the gaps between the teeth, how can it be in Qiao Tianyu's eyes?
Cui Kai told Qiao Tianyu his questions, but he didn't want Qiao Tianyu to suddenly raise his head and laugh, "Haha, Cui Kai, Michelle, you have all been deceived by the Japanese!"
"Deceived by the Japanese?" Cui Kai and Michelle were even more confused by the second monk, "Could it be that the Japanese have other gold reserves?"
"Of course there is!" Qiao Tianyu said with great certainty, "You may not know, unlike other countries in the world that store gold in central banks or gold dealers, Japan has implemented a policy of 'hiding gold from the people' from a very early age. ”
"What the hell is the 'gold hidden from the people' policy?" Cui Kai and Michelle both shook their heads, indicating that they didn't know.
"The so-called Japan's 'gold for the people' policy is that Japanese financial institutions launch gold products suitable for the Japanese people, such as gold deposit and withdrawal, gold accumulation plan and so on. ”
"The Japanese people can deposit funds for a fixed period of time, or the bank can transfer money from the people's accounts every month to buy a fixed amount of gold, and when the product matures, the accumulated gold of the Japanese people can be cashed out or delivered in the form of gold bricks, gold coins or gold jewelry. ”
"Moreover, Japanese law stipulates that there is no inheritance tax to pay when buying gold for retirement and inheritance, so it is widely sought after by the Japanese people, and it also makes people exchange a large part of their income and savings for holding in the form of gold. ”
In fact, this is also the reason why Japan, as the world's second largest economy, holds as much as 2 trillion US dollars in foreign exchange, but only a few hundred tons of official reserves, because their people have enough gold in their hands to no longer need official reserves. ”
"I'll go, Joe, how do you know about such a thing? How come I've never heard of it?" asked Michelle, puzzled.
"Yes, Tianyu, I haven't heard of it before?" Cui Kai also asked.
"These things are secretly done by the Japanese **, and they have been kept strictly secret from the outside world. Qiao Tianyu explained.
Seeing Cui Kai and Michelle's curious looks, Qiao Tianyu explained the number one scam of Japan in the twentieth century to deceive the world.
If we want to talk about the first major scam in Japan in the 20th century, we have to start with the take-off of the Japanese economy in the 70s of the last century.
Since Japan's economic boom in the 70s of the 20 th century, Japan, which has lived a hard life for decades, has increased its foreign exchange reserves and gold reserves in various ways, both openly and privately.
In particular, Japan's gold jewellers and coin makers have long been the world's top gold importers in terms of total imports.
However, to the world's puzzlement, by the end of the 80s, Japan's foreign exchange reserves had jumped to the top of the world, totaling as high as 2 trillion US dollars, and this figure has been maintained for a long time since then, but Japan's public official gold reserves have always been only a few hundred tons.
Moreover, the Japanese are obviously not as obsessed with gold jewelry as the Middle Easterners, Indians and Chinese, and it is rare to see gold and silver on the streets of Japan.
Where exactly the gold flowing into Japan has gone has become a major unsolved issue in the international financial community.
Later, in the 97th Asian financial crisis, under the short-selling of Soros and other financial predators, the currencies of Southeast Asia, Japan, South Korea and other countries were greatly impacted, and the financial systems of various countries were in danger of being tired.
However, after the financial crisis, Japan was the first to recover ahead of other countries at a very fast pace, which attracted the attention of many economists and economic research institutions around the world.
In 1998, an International Monetary Fund (IMF) economic expedition was commissioned to secretly infiltrate Japan and conduct a series of economic and financial investigations, which eventually revealed the truth.
Originally, Japan imported a large amount of raw gold in the name of gold jewelers and coin manufacturers, but instead of making that gold into gold jewelry, gold coins, or commemorative coins, they sold it to major Japanese banks and financial institutions.
Japan's major banks and financial institutions transferred gold to the Japanese people in the form of gold products, and finally realized "hiding gold for the people" after several turnovers.
After the Asian financial crisis in 1997, Japan called on the Japanese people to take out a huge amount of gold reserves and secretly replace them with foreign exchange, helping Japan save countless large banking groups and financial institutions, and the Japanese economy has also completed its recovery at a very rapid pace, which is the biggest dividend of Japan's "gold for the people" policy.
Because the results of the investigation were exposed, Japan had to admit the existence of this secret measure, but in order to avoid causing unnecessary trouble, the Japanese postponed the implementation of this measure for several years, saying that it was 1994.
It's just that all this will not be exposed until four years later, in 1998, and now the world does not know the existence of the Japanese policy of "hiding gold from the people", so it is not surprising that Cui Kai and Michelle do not know about this policy.
Seriously, although Qiao Tianyu dislikes Japan very much, he still has to be impressed by the Japanese people's super sense of national honor and execution.
However, it is also indisputable from this aspect that the Japanese are indeed our great Chinese species, but they have never wanted to admit it.
"I'm going! The Japanese are too insidious, aren't they?" said Michelle, who exploded when she heard this.
"In other words, the 21,000 tons of gold in the hands of the Arrow Sakura Organization is only a part of the gold in the hands of the Japanese, even if we get all the 21,000 tons of gold in two days, it is very likely that we will not be able to win the final battle at all, right?"
"That's right, that's what it means!" Qiao Tianyu nodded vigorously, "To put it bluntly, that 21,000 tons of gold is just a disguise, if we only stare at the 21,000 tons of gold, we will completely fall into their trap!"
"Understood! This trick is really high, who came up with it?" Cui Kai also nodded in response.
"No matter who came up with it, let's just use it!" Qiao Tianyu showed a mysterious smile on his face.
"Japan's policy of 'hiding gold for the people' has accumulated tens of thousands of tons of gold, which is a fairly large gold reserve, and we are just in the middle of it to buy a large amount of gold from the Japanese people. ”
"When Junji Sato sees that we have discovered the big secret of their Japanese, and is worried that the gold reserve advantage of their Arrow Sakura Organization will be smoothed out, he will definitely make a desperate bet to prevent us from buying gold, so as to completely trap Junji Sato with this matter!"