When I went to Japan recently they doubled-checked my luggage and other passengers' on a systematic basis at the customs, to make sure that we weren't carrying any gold (amongst all the other traditional drugs and weapons). It was my first time being controlled for gold by the customs. They even showed us a sign, explicitly showing gold bars on them, asking us if we had any
. Has anyone else recently had the experience when going to Japan?
There's something to dig there: they're going in with the hope that people will get their money out from banks in order to actually invest in businesses and not in gold or in bitcoin. It tells you something about how desperate they are about their deflation. That's good news for us anyway. I heard that regular Japanese people liked to save money on their bank account and didn't really buy stocks or assets, but these negative interest rate here are only aimed at rich people, who of course know about these investments.
Someday they my try to come and take our gold in the west again also, like they did in the USA before the war. What a terrible world we live in when you are told by your government not to own gold. it shows we live in an absolute dictatorship.
But, .gov confiscation of gold is arguably less of interest to them, as gold is no longer considered "money" by TPTB. In 1933, $20 gold coins circulated...
Gold and CA$H (in CASH, not electrons there at the bank) are two excellent hedges. Bitcoin too.
CA$H at home "earns" in a NIRP environment.
