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Tanaka’s Gold Buying Exceeds Sales for 8th Year as Price Climbs

Tanaka Kikinzoku Kogyo K.K., Japan’s biggest bullion retailer, said its purchases of gold from local investors surpassed sales in 2012 for the eighth straight year as prices increased.

While purchases fell 62 percent to 28,578 kilograms (918,804 ounces), sales declined 36 percent to 22,890 kilograms, according to a statement from the Tokyo-based company today.