Chinese investors pile into gold as economic worries surge

Forbes/Simon Constable/10-28-2019

“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.

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