“In China, where gold has long been a national obsession, a mid-April record crash in global gold prices has been seen as an unprecedented buying opportunity. According to reports in China, Chinese have purchased 300 tons of gold worth more than $16 billion since the crash. Photos of crowds packing jewelry shops and emptying their shelves are now regular features in the news media. China’s voracious appetite for gold is long-standing. At Chinese jewelry stores, the spot price for gold is always prominently displayed. Calculators and scales are never out of a customer’s reach.”
http://www.bloomberg.com/news/2013-05-08/chinese-women-aren-t-taking-buffett-s-advice-on-gold.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
We Vanquish Terrorism When We Refuse To Be Terrorized
Robert Mueller's forgotten surveillance crime spree
Who Says You Can Kill Americans, Mr. President?
Germany’s Hitler-Era Homeschool Laws Still In (Brute) Force
You Should Be Able to "Dear John" The State
The War On Privacy and Civil Liberties Escalates
Jacob Hornberger: The Deep State Went After JFK on Russia Too
Gold Rises, Dollar Rises, Stocks Fall: The Cyprus Disaster Begins
The National Security State's Incestuous Relationship with the Islamic State
US Falls Apart, Stock Market Booms?
Syria: Act of War or Military Strike?
Marxism didn’t die. It’s alive and well and living among us
SILVER: Meltdown to $20, You Will Remember
Ron Paul: The VA Scandal is Just the Tip of the Military Abuse Iceberg
Might India Confiscate the Gold of the Temples?