Friday, December 31, 2021

All that Glitters

 The family went to Tanaka Gold some time back at Ginza for some initial due diligence. 1000g cost 6.8m yen which is much higher than google result at 6.1m yen. 500g was almost 50% but still there is a small premium. The weight below is even worse.

There is a need to figure out these discrepancies. There is a need to buy a safe too! The goal is to get 1500g over time at around 10m yen.

Things to figure out:

1. Why the huge discrepancy, to track it over time, does it fall to say 5% instead of current over 10%. Need some excel warrior to help.

2. Does the price differ at various locations in Japan. To call hotline and ask.

3. Can we bring the gold out of Japan. To call hotline and ask.

4. What you do do with the personal information (eg my number card). To call hotline and ask.

5. Background of the company - need desktop research.

For the future with QE Infinity. We should buy some physical gold!