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2011-12-06 — businessweek.com
Japanese Finance Minister Jun Azumi will be rewarding investors who buy reconstruction bonds with half an ounce of gold, an added incentive that could boost the return by nearly six times.
Individual investors who purchase more than 10 million yen ($129,000) in the debt with a 0.05 percent return and keep it for three years will receive a gold commemorative coin weighing 15.6 grams (0.55 ounces), the Finance Ministry said in Tokyo today, worth about $948 based on current prices for the precious metal.
Clever -- make the gold payout "commemorative" so the government can save face given what is really going on here: a gold-linked bond in a market stuffed to the gills and unable to consume more fiat.
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