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Topics:
Tanaka Restricts Gold Delivery
Market Analysis:
Breaking: Japan's #1 Gold Dealer Restricts Physical, Moves to Cash Settlement
Japan’s largest gold dealer, Tanaka Precious Metals, has announced major changes to its gold investment services. Starting this December, customers will no longer be allowed to withdraw gold by flexible weight. Instead, only fixed bar sizes will be permitted, and all account cancellations will settle in cash—no more automatic bullion delivery. Officially, the move is attributed to rising operational costs and logistics. But given regional evidence of physical gold shortages—from halted bar sales in South Korea to China’s surging demand for large institutional bars—Tanaka’s explanation may be a pretense. As gold gets pulled off the market and repurposed as strategic collateral, smaller investors are being gated out. This shift hints at a broader trend: physical gold is becoming scarce, and who can access it is quietly changing.
They are winding down a program in physical gold while demand for their product is going through the roof. Who does that?
Either they are having a hard time getting it, or their supply is increasingly spoken for by a stealth buyer. Given their systemic importance and global reach, we’re going with a stealth buyer.
Full analysis in Premium Post: Tanaka Restricts Gold Delivery
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