While in Beijing last week, I visited the Cai Bai gold market. China is the largest buyer of gold in the world…and becoming larger by the day.
Anecdotally, I can tell you the Cai Bai gold market was bustling with people. (I wish I could show you, but a guard promptly stopped me when I pulled out my video camera.) I was there in the middle of the day, and there was a good crowd of people buying gold in all its forms – from jewelry to bars.
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Digesting the Importance of Chinese Gold Investing
Naturally, I started having pleasant daydreams about being rich, rich, rich after the Chinese government surprised me by announcing that it would finance the buying of foreign gold mines, and ordered their banks to set up big distributed systems for buying and selling gold at the retail and whole levels and all kinds of stuff like that. Wow!
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