Interessantes Interview zu Gold

verfasst von R.Deutsch, 13.06.2001, 18:42

Gold Ready For A Boom Led By Japan - Jipangu

By Jim Hawe
Of DOW JONES NEWSWIRES TOKYO (Dow Jones)-

-Tamisuke Matsufuji has developed a knack for making outlandish predictions that have a way of
coming true.

The president of the gold mining and investment firm, Jipangu Incorporated, and author of
numerous bestsellers on contrarian investing, has forecast everything from the collapse of Japanese
real estate and stock prices to the failure of Yamaichi Securities.

But recently his crystal ball has taken on a decidedly golden hue. According to Matsufuji, 46, gold
prices are now sitting on a powder keg - and he is expecting Japan to light the fuse.

"The price of gold is ready to take off. It could go up to Y3,000 or even Y4,000 (per gram) easy...and
Japan could lead the way," Matsufuji recently said in a recent interview with Dow Jones Newswires.

Matsufuji said the rally"could happen soon."

Gold at Y3,000/gram is roughly equivalent to $764 per troy ounce. Gold, which hit a high of $875 an
ounce in 1980, has long been languishing in the doldrums.

April 2002 gold futures on the Tokyo Commodity Exchange was trading Wednesday at Y1,054/gram
at 0615 GMT. Spot gold at 0615 GMT was at $272.10/oz.

The man the Economist magazine once described as"rich and rude" admits that he is in the
minority, as gold's 21-year bear run has scared away most backers.

"But I see the Dow falling sharply, the dollar plummeting to Y80 and bond prices crashing.
Eventually, the only safe alternatives will be gold and shares in gold mining companies," said
Matsufuji.

"That is why I founded Jipangu. It's a kind of 'insurance' company." Jipangu was set up in 1995.

Preparing for the Coming Golden Age

Matsufuji was evasive when pressed for specifics to back up his predictions, and prefers to fall back
on historical models.

"When U.S. stocks crashed in 1929, prices of gold and shares in gold mining companies soared, and
the same thing is about to happen again," he said.

Matsufuji is so convinced of the coming gold boom that he has been putting his money where his
prognostication is - and in a very big way.

Through Jipangu, he has been snapping up major stakes in mining companies around the globe. He
already has a 24% stake in High River Gold Mines Ltd., a 22% stake in Cambior Inc. and a 24%
stake in Claimstaker Resources Ltd., all three based in Canada, and he also has the option to buy a
significant stake in South African mining giant Harmony Gold Co. Ltd.

Altogether Matsufuji has his hand in some 40 projects around the world. Based on his own
estimates, some 20 million ounces of gold, or 622 tons, are now under his control. That is more than
twice of Australia's 2000 output of 295.7 tons of gold. Australia is the world's third biggest gold
producer.

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."

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gesamter Thread:

• Interessantes Interview zu Gold - R.Deutsch, 13.06.2001, 18:42
  • Emotionen - Sharps, 13.06.2001, 18:56
  • Re: Interessantes Interview zu Gold - Hörbi, 13.06.2001, 22:58
    • Re: Interessantes Interview zu Gold - black elk, 14.06.2001, 00:43
      • Re: Ich glaub ich werd zum Elch:-((( - Hörbi, 14.06.2001, 01:20
        • Re: Ich glaub ich werd zum Elch:-((( - black elk, 14.06.2001, 02:05
          • Re: Ich glaub ich werd zum Elch:-((( - Hörbi, 14.06.2001, 11:37
            • Re: Ich glaub ich werd zum Elch:-((( - black elk, 14.06.2001, 12:17
              • Re: Ich glaub ich werd zum Elch:-((( - Hörbi, 14.06.2001, 12:53
                • Um den Zirkus mal abzuschließen.. - black elk, 14.06.2001, 13:10
                  • Re: Um den Zirkus mal abzuschließen.. / nee noch was - PuppetMaster, 14.06.2001, 13:16
                    • Re: Um den Zirkus mal abzuschließen.. / nee noch was - black elk, 14.06.2001, 13:50
                    • Re: Wie wäre es mit Demokratie, großer"be"? - Hörbi, 14.06.2001, 14:37
                  • Re: Um den Zirkus mal abzuschließen.. - Hörbi, 14.06.2001, 13:20
                  • Die zwei Seiten einer Wahrheit (hattest Du nicht den Beitrag black elk?) - Uwe, 14.06.2001, 13:26
            • Re: Ich glaub ich werd zum Elch:-((( - wasil, 14.06.2001, 12:33
              • Was die Sozialdarwinisten erst entdecken, wenn sie selber aus dem Eimer essen... - Talleyrand, 14.06.2001, 14:06