3 Places to Stash Money

Posted by Bill Belew on March 19th, 2008 in Japan | Comments Off

Japanese have savings out the wazoo. On average more than $100K per home. That means that when I was there, somebody had $200K in their bank account to keep the average up because I sure as shooting didn't have $100K.

Japan has another pile of money.

Last month foreign reserves:

1. convertible foreign currencies,

2. gold

3. internation monetary fund special drawing rights

were up $11.94 billion to top $1 trillion (that's a T) for the first time every.

January reserves jumped $22.68 billion. For nine months straight Japan has seen this stash grown.

What would you do if you had $1 trillion dollars in reserve?

source


 

Comments are closed.