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China's stock plunge burnishes gold's appeal
By Biman Mukherji
The Wall Street Journal
Sunday, August 2, 2015
HONG KONG -- Until recently, every time Hong Kong-based bullion supplier Padraig Seif would inquire about demand from customers, the answer would be the same: Business is quiet as all eyes -- and money -- turned to the surging stock market.
Suddenly, though, his sales are booming again in the wake of a plunge in Chinese equities and sliding gold prices.
"It has really taken us by surprise," says Mr. Seif, co-owner of bullion supplier Finemetal Asia. "We are looking at three times the revenue in June as in May."
He said demand is particularly strong for small gold bars weighing 250 grams and 500 grams that are popular with price-conscious smaller investors. ...
... For the remainder of the report:
http://www.wsj.com/articles/chinas-stock-plunge-burnishes-golds-appeal-1...
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