Japanese are the largest per-capita holders of precious metals.After the Japanese disaster the price of precious metals dropped , because after any turmoil of any sort liquidity becomes a necessity so the global market went to liquidity this created margin calls where investors with profit in metals sold to cover the margin requirement on their stock positions , people also bartered with gold and silver and platinum to get what they needed where necessities were scares and people were desperate ....in other words they cashed in some of their physical insurance gold silver and platinum how does all the above affect the bullion market ? this is a common indicator of an upward market momentum
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