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How China is Banking on Gold

-- expats
Forum Post
01/19/12 17:30
Gold Mine

How China is Banking on Gold

Thank author of this post/commentAs the Wall Street Journal reports that "The Chinese have been loading up like never before on gold ahead of the Lunar New Year, which falls on Jan. 23 this year," a Reuters analysis looks at how Chinese banks are encouraging gold buying. Headlined " China's banks lure man on the street to gold ," it cites one bank that has signed up more than 2 million customers under a program with the World Gold Council that was launched in 2010.

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• manipulation • currencies • risks • options • china • import duties • gold price • bullion coins • middle class • investment options • gold buying • demand for gold •
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