“Gold represents the only safe asset for [Chinese consumers] to protect their wealth against domestic inflation, asset price declines as well as against geopolitical risks,”
Poster Comment:
Price up almost $300 for the year.
"The Only Safe Asset" - Chinese Consumers Overtake India In Gold-Buying Frenzy
| Source: | https://www.zerohedge.com/commodities/only-safe-asset-chinese-consumers-overtake-india-gold-buying-frenzy |
| Published: | Apr 30, 2024 |
| Author: | Tyler Durden |
| Post Date: | 2024-04-30 03:03:20 by Horse |
| Views: | 484 |
#1: DWornock To: Horse (#0)
That is 15%; about the same as the true inflation rate.
DWornock posted on 2024-04-30 20:53:15 Reply Private Reply