You are here
China's gold markets are under strain as new buyers hunt for stable investment
By He Huifeng
South China Morning Post, Hong Kong
Sunday, April 14, 2024
April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle for investment.
Standing out as one of the few bets considered safe in China at present -- with stocks, property and banking having lost their lustre in an environment of heightened uncertainty -- gold has not only attracted new buyers, but also provided opportunities for the country's middle class and youth to cash out.
... Dispatch continues below ...
... ADVERTISEMENT ...
The first 99.99% pure silver and gold bullion medals
or non-legal tender coins from Ireland are now being sold by APMEX
The Irish Gold and Silver Trees of Life from Tara Coins are now available for the first time at competitive prices from authorized distributors globally, including APMEX in the United States.
Tara Gold and Silver Ltd., trading as Tara Coins, is a designer and wholesaler from Ireland, providing beautiful, collectible, store-of-value, 99.99% pure Irish silver and gold bullion: the Gold Trees of Life (0.1 ounce and 1 ounce) and the Silver Trees of Life (1 ounce).
Irish and Celtic gold and silver bullion coins and rounds have never been produced in a truly professional manner and in large volumes. The Irish Gold and Silver Trees (non-legal tender) are being designed in Ireland in collaboration with artists who specialize in designing coins and are being minted by a respected LBMA-accredited mint.
The Gold and Silver Trees are beautiful and limited in mintage and supply, making them highly sought-after as gifts, collectible coins, and stores of value.
For more information about the Irish Gold and Silver Trees of LIfe coins, please visit:
-- and --
https://www.taracoins.com/
Acquire Irish Gold and Silver Trees of Life coins at competitive prices from APMEX here:
https://www.apmex.com/
-- and --
https://www.apmex.com/
The Guangzhou market, originally known for its bustling jade and jewellery trade, has been "flooded" with newly opened gold stores, with dozens emerging according to a store owner earlier this week.
"The number of customers is also increasing day by day," said the owner, who asked not to be identified. "Sometimes it feels like a crowded wet market."
Rapid price changes have made for a mercurial scene. "From the beginning of the year until now, there have been customers buying gold bars for tens of thousands, hundreds of thousands of yuan," he said. "But since the current price is extremely high, consumers are becoming cautious. Most of the new customers are buying products with lower grams."
According to another merchant, many have begun to sell their stock. ...
... For the remainder of the report:
* * *
Join GATA here:
Mining Investment Asia
Wednesday-Thursday, May 15-16, 2024
Marriott Tang Plaza Hotel, Singapore
https://www.mininginvestmentasia.com/
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
