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overtheedge
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China's Big Gold Buyer

- Adrian Ash - Bullion Vault

"Of course, that army of aunties doesn't have the cash to purchase one ounce each at will."

So what is the typical range of products these aunties buy when they have some funds available?
0.5 gram, 1 gram, etc?

Commented 3799 days ago

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Beginning of the headline :By Adrian AshPrivate Chinese demand for gold has leapt ahead of economic growth...ONE MAN'S investor is, apparently, another's middle-aged housekeeping auntie in China."Yang Cuiyan," says Bloomberg, "a 41-year-old housekeeper from Anhui province, is one reason China is poised to topple India as the world's top consumer of gold, even as investors desert the metal."Yes, of course the sub-editors got to this article. Yes, we should never take such "slice-of-life" reporting as anything serious.But t... Read More

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