Recevez notre Marketbriefing
In the same category
Papli
Member since May 2012
114 commentaries - 4 followers
4 followers
has posted a comment on the article :
>The Gold Market Through China's Eyes - Jeff Clark - Casey Research
Jeff, possibly the Americans and may be Germans and French who figure at the right end of your investment chart are lulled into gold buying inactivity as their Central banks hold gold in tons equivalent of over 70% of their national forex reserves . It is not so in case of either India or China who are buying gold apparently to increase holdings. But at the investor level both India and China are following divergent policies with Indian government discouraging its citizens and the Chinese encouraging them to buy gold. At the ground level people do what their wisdom dictates and their pockets can afford. Gold is a necessary component of all portfolios across divergent continents, countries, castes or creeds, yet not the be all and end all. Someone rightly remarked that even if gold is stupid it is still smart and I totally agree. Posses gold, you shouldn't own too much but you should not go without, says another and I agree with him too.

Commented
4157 days ago
-
Send
Beginning of the headline :Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month after month about demand hitting record after record in their country – how do they view our buying habits? Since 2007, China's demand for gold has risen 27% per year. Its share of global demand doubled in the same time frame, from 10% to 21%... Read More
Reply to this comment
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Top articles