Evento storico!! Un Fondo Pensione giapponese si mette a comprare oro!!
Inserisco l’articolo di Zero Hedge e di un blog che leggo spesso, non so le lo conoscete Argento Fisico, che fa degli interessanti appunti sulla notizia
Evento storico: Un Fondo Pensione (giapponese) si mette a comprare oro a comunicarlo è Zero Hedge – Canary In The Gold Mine: In Historic Move, Japanese Pension Fund Switches To Gold For First Time Ever
Submitted by Tyler Durden on 05/16/2012
Mentre le mani deboli Statunitensi continuano a uscire dall’oro o per buttarsi sull’IPO di Facebook di domani o giusto per caricarsi di valute cartacee prima che le banche centrali rimettano a pieno regime lo rotative delle loro zecche (si fa per dire… bit) succedono due cose:
1) La Cina sta diventando la più grossa sorgente di domanda d’oro al mondo, soppiantando la storica India
2) E’ notizia di poche ore fa un evento storico; “Okayama Metal & Machinery has become the first Japanese pension fund to make public purchases of gold, in a sign of dwindling faith in paper currencies.” E cioè: “La Okayama Metal & Machinery è diventato il primo fondo pensione Giapponese ad effettuare acquisti pubblici di oro, come effetto del calo della fiducia nelle valute cartacee”.
Parola non di Tyler ma del Financial Times … pagina a pagamento! eccone alcuni estratti da ZH:
Initially, the fund aims to keep about 1.5 per cent of its total assets of Y40bn ($500m) in bullion-backed exchange traded funds, according to chief investment officer Yoshisuke Kiguchi, who said he was diversifying into gold to “escape sovereign risk”.
The move into a non-yielding asset comes as funds in the world’s second-biggest pension market are under increasing pressure to meet promised payments, as domestic interest rates remain rooted near zero. This year, the first of Japan’s baby boomers turn 65, becoming eligible for payouts.
Mr Kiguchi said the lack of yield was a concern for the fund’s investment committee, but he persuaded them that “from a very long-term point of view, gold may be one of the safe currencies”. He added that he had sold Australian dollars this month to meet his initial target allocation for gold for the fund, which has 20,000 members.
Mizuho Trust & Banking, a unit of Mizuho Financial Group, has begun to offer investment schemes allowing smaller pension funds to invest in gold.
While few fund managers are counting on a crash in core assets such as Japanese government bonds, said Takahiro Morita, head of the Tokyo arm of the World Gold Council, a producers’ association, they were increasingly receptive to the idea that gold could act as a buffer against shocks. “Last year’s tsunami and the eurozone debt crisis shows that it was wise to expect the unexpected,” he said.
The first of many:
Historically, institutions in the $3.4tn Japanese pension market have clung to traditional assets. Bonds accounted for 59 per cent of industry assets in 2011, the highest share in the world, according to Towers Watson, a consultant. Just 6 per cent – the lowest share – was invested in alternatives such as property, private equity and hedge funds.
Nomura, Japan’s biggest wealth manager, added a gold option to its monthly survey of 1,000 randomly selected retail investors in February. Every month since, gold has been ranked the third-most desirable addition to portfolios, well ahead of competing assets such as investment trusts, bonds or foreign securities.
And the absolute punchline:
With institutions warming to gold, too, demand could grow further. “If you look at assets over the past couple of decades, equity has been a loser, while fixed income offers tiny coupons,” said Yoshio Kuno, Japan head of Newedge, the futures broker. “Gold is becoming an acceptable currency substitute.”source
Quindi forza, smollate tutto il vostro oro. I compratori ci sono. Tanti bei fondi pensione nipponici che hanno un peso di 3,4 Trilioni di dollari. A seguire i fondi pensione di mezzo mondo, che gestiscono fondi per decine di Trilioni di dollari.
Fate l’ipotesi che anche solo il 5% dei loro asset vengano tramutati in oro, o che il mercato anche solo cominci a considerare sul serio l’ipotesi, e le cose cominciano a farsi interessanti.