Chinese Physical Gold Demand Surges; Americans Pile Into Stock & Crypto Bubbles

7:06 AM

First published by Money Metals here: https://www.moneymetals.com/news/2018/01/16/chinese-gold-investment-demand-001372

Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China’s Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin products Q1-Q3 2017 since the same period in 2013, when they took advantage of huge gold market price selloff.

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