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The gold rush rainstorm swept through China
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There is an old saying in China- The gold is treated as the most valuable material in the world. A gold rush swept through China during the week-long Lunar New Year holiday this year, with demand for precious mental and jewelry surging since the year of the Dragon began. The sales of gold, silver and jewelry recorded the remarkable sales, for 57.6 percent each. the other kind of jewelry stores across the China also get the sales boom during the period, Among golden goods a ,the New Year themed gold bars regards as the most favorable one or the other types of the Dragon-themed jewelry.
With the development of the average consumer level, gold is no longer belongs to the rich and as we know the gold investment become popular in Chinese market. Gold investment becomes a new investment channel to the individuals. The Spring Festival gives people a chance to preserve and present gold as gifts, offering hopes that it will increase in value and not be impacted by inflation. Some large gold retailers have already reached about 600 million RMB. The figure showed a 49.7-percent increase over that of last year's Spring Festival, said a report released by the Beijing Municipal Commission of Commerce. As we know Caibai began step into the gold bar investment during the 2008, which the Beijing Olympic Games held. The trend of buying gold or silvers bars during the Spring Festival become much more popular. The popular trend of gold makes some gold firms are busing with gold selling, with customer crowding and rushing, it indicated that the gold investment would be a great chance and many customers own the concept of financial investment. It is seldom to find the gold bars, necklaces and pendants in display case.
The gold is used as the present to give to the relatives and friends. It also is the great gifts for babies. Chinese do not value gold only in only sentimental terms. The precious metal is also expected to maintain or increase its value, as evidenced by the surging investment demand seen around the country. The gold investment regard as safety investment, gold is more convenient to cash than other investment. Compared to unpredictable investments, such as those in the stock market or housing sector, gold is cherished more by Chinese for its increasing value as an asset as well as the unlikelihood that it will be affected by inflation.
China is expected to overtake India as the world's top gold consumer in the next few years. Strong demand for investments in gold and jewelry will have driven China's total gold demand to 750 metric tons in 2011, according to the World Gold Council.
Despite the record-high price of gold, the demand for investments in gold and jewelry has continued to soar, with the market expected to reach about 955.2 metric tons by 2020. The gold investment would be a wise investment and accepted by the commons.
Manufacturers & Suppliers – Herostart.com
Tag: jewelry store, dragon-themed jewelry, gold investment
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Posted by jessica879108 on January 30th, 2012, 15:39
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