Japanese Investors Seen As Key
"I want to give Japanese investors the opportunity to
invest in gold and gold mining companies around the
world without exposure to currency risks," said Matsufuji,
who sees Japanese investors as a key element in the
new golden age.
Japanese investors will use yen to invest in
yen-denominated shares of Jipangu, which would then
give them an indirect stake in the various mining
companies affiliated with Jipangu, he said.
If they were to buy stocks in these mining companies
directly, they would have to buy the shares on, for
example, Canadian equity markets using Canadian
dollars exposing them to currency risk, he added.
Through Jipangu their investment is kept in yen.
"Japan is the world's largest creditor nation. Individual
assets total more than 1,300 trillion yen. If just 1% of this
money could be moved into gold, that would instantly
account for five years worth of global production, and
gold prices would skyrocket," Matsufuji said.
"Japan has the potential to really move the market,"
said Matsufuji, who hopes Jipangu will serve as the
vehicle for pumping more Japanese money into the
gold market.
Matsufuji explained that the word "Jipangu" was first
bought to the West by Marco Polo as a term describing
Japan as an "island of gold".
"That is why I named my company Jipangu. I want
Japan to again be full of gold." |
