Buying gold in China

Discussion in 'Gold' started by silverwink, Aug 22, 2011.

  1. silverwink

    silverwink New Member

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    So these two guys walk into the gold shop in Shenyang and buy 20 kg. of gold and pay cash !

    You will need a google translate, http://gold.hexun.com/2011-08-20/132648742.html

    but the picture tells the story, basically it cost them Rmb 7.6198million or about USD1.2million and it took the cashiers 5 hours to count the money (shown in the picture)

    When asked for identification for future business, they politely declined !

    This was the goldsmith's largest cash transaction, but back in June an individual made a one time purchase of Rmb300 million (USD47million) using his credit card.
     
  2. ReturnToZero

    ReturnToZero New Member

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    Credit card? What kind of credit card does he have?!

    I think he would be flying for free the next 10 generations if he got points for that lol.
     
  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Platinum AMEX has no credit limit :)
     
  4. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I wish :)
     
  5. millededge

    millededge Active Member

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    try doing that here - only a few stores do it

    my experience is that they are also extortionate, with one exception
     
  6. ReturnToZero

    ReturnToZero New Member

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    It certainly does have a limit :) There is a limit based on your past spending habits, you can call them and tell them in advance you're about to make a big purchase but there is no possible way Amex will allow 47mil. So unless he habitually spends 47mil through his charge card every month I doubt it lol

    And keep in mind that's only for the charge card, he specifies credit card as well.
     

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