| From Agmetalminer.com: It would seem China can’t get enough of gold. The authorities were overtly encouraging the population to buy gold from the middle of last year, many said as an attempt to sop up excess consumer liquidity although we suspect if they really wanted to do that they would be pushing the banks to offer high savings rates and withdrawing the stimulus measures designed to encourage spending.
China has been a significant market for jewelry use and with a rising sense of affluence that has continued to grow........................................Full Article: Source
|