Chinese consumers rushing to buy gold in China even at record high price

Chinese consumers rushing to buy gold in China even at record high price

25th September 2010 International gold prices rallied to record highs on Friday, with spot prices nearing US00 an ounce. China’s gold prices followed the …
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4 thoughts on “Chinese consumers rushing to buy gold in China even at record high price

  1. Lalitaditya Muktapida

    If gold was a bubble, the FED would raise interest rates to 10%. The FEDs
    would rather kill the economy with hgh interest rates than have a Gold
    bubble. It is the stuff of their nightmares. The very fact that the fed has
    not raised interest rates proves that Gold is not a bubble.

  2. MONOPOLY35

    Americans have misunderstood the value of gold since 1981. 30 years later,
    the Mainstream Media is declaring a gold bubble when these same educated
    fools were unable to predict the dot com and real estate bubbles. Central
    banks with INSIDER INFORMATION avoided dot com stocks and real estate
    investment during bubble mania. Now they’re buying gold! Think about it! If
    gold is in a bubble, why are central banks buying gold? There is no way
    these insiders are stupid enough to fall for a gold bubble.

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