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Chinese Buying the Dips

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Forum Post
11/07/11 17:33
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Chinese Buying the Dips

Thank author of this post/commentAs the English-language China Daily publishes a cover package with five articles on the country's gold rush, one of which notes that retail price drops "have helped fan a frenzy for gold among increasingly affluent Chinese buyers ," the Financial Times reports that "Chinese gold imports from Hong Kong, a proxy for the country's overall overseas buying, leapt to a record high in September, when monthly purchases matched almost half that for the whole of 2010 ... After hitting a nominal all-time. .

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