Golden week

The gold sales are increasing in the international market due to the stagnant gold reserves position in the Far East. Japan, unlike America, has a tendency to invest in gold every year, and Japanese import of gold in March 1995 was estimated at 36-37 tons and may increase to 55-60 tons in April. The Japanese parliament, Bank of Japan and media has been strongly advocating gold reserves over dollar reserves. The large deficit situation in the gold market will improve if the Asian countries follow course.