Forbes/Simon Constable
“Chinese investors are piling into gold bullion in a big way as worries over China’s economy and political system surge.”
USAGOLD note: As is the case elsewhere, most of the ETF demand is probably coming from financial institutions within the country. Retail investors still prefer a more physical form of the metal. China’s money managers are not alone in their concern about the domestic currency. That is why the gold charts in a good many currencies show significant verticality these days.
Repost from 10-29-2019
