chinese buy gold(china's the key)

Discussion in 'Gold' started by Peter, Mar 2, 2011.

  1. Peter

    Peter Well-Known Member

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    China Daily reports that:

    Statistics from Beijing Caibai, the city's largest jewelry store, show sales of gold and other jewelry have totaled about 4 billion yuan so far this year, a 70-percent increase year-on-year.

    Wang Chunli, general manager, told METRO that hundreds of customers are lining up outside every day to buy gold accessories, such as necklaces and rings. To cope with demand, the store has even introduced a string-weave service, she said, adding: "We've also arranged experienced staff to be on duty and increased the number of security guards."

    https://www.kitcomm.com/showthread.php?t=77157
     
  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    The Asians have got their heads screwed on properly, over here the mainstream belief is "buy gold... what for?"
     
  3. jockster

    jockster New Member

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    The Chinese hold a fair bit of gold in the ground don't they? Does anyone know how their production output is going?
     
  4. BullionBull

    BullionBull New Member

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    From Brimelow at CBS Marketwatch today
     

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