| Chinese gold demand will probably rise by another 10% this year, the World Gold Council (WGC) said this week. Chinese people are buying precious metals in order to protect their savings and wealth against inflation. Many are also growing increasingly concerned by the potential for a collapse in the country’s property and stock markets.
Many financial analysts are convinced that Chinese housing and stock markets are huge bubbles waiting to pop, an event that could have serious ramifications for the country’s banks..............................................Full Article: Source
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