Chinese Demand for Gold Is the Real Deal, Long Term

You have to see these images from China.

During the Dragon Boat Festival, ten thousand Chinese demonstrated the depth of their gold fever by lining up to buy that “stupid” investment. This is despite the relative respite from inflation, according to official Chinese statistics.

All these people want gold:

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China is a source of demand for gold that will be significant in the long term.

— Read more at Mises.ca —