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Old 01-24-2014, 06:17 PM
 
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http://rt.com/business/china-biggest-gold-consumer-153/

China is taking over the gold market and many other natural resources,what is your take on this ?
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Old 01-24-2014, 06:27 PM
 
Location: Melbourne, Australia
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I'm not surprised. Indians and Chinese love gold, and there are a lot of them. China is getting prosperous which will just mean more demand.
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Old 01-24-2014, 06:47 PM
 
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Originally Posted by The Postman View Post
I'm not surprised. Indians and Chinese love gold, and there are a lot of them. China is getting prosperous which will just mean more demand.
I agree but india has been the largest market for years,it's just surprising to me.
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Old 01-24-2014, 07:05 PM
 
Location: Melbourne, Australia
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Originally Posted by scobby View Post
I agree but india has been the largest market for years,it's just surprising to me.
Not surprising at all. Many should be more surprised that India, known for it's poverty, is the no. 1 consumer, but it's got so many people. And yes, anyone who knows India and Indians know they love to wear jewellery, often to excess...
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Old 01-24-2014, 07:08 PM
 
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Originally Posted by The Postman View Post
Not surprising at all. Many should be more surprised that India, known for it's poverty, is the no. 1 consumer, but it's got so many people. And yes, anyone who knows India and Indians know they love to wear jewellery, often to excess...
That's why it's surprising to me,chinese do not wear jewellery that much while the indians are crazy about gold.
I guess,things are changing fast.
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Old 01-24-2014, 07:12 PM
 
Location: Melbourne, Australia
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Originally Posted by scobby View Post
That's why it's surprising to me,chinese do not wear jewellery that much while the indians are crazy about gold.
I guess,things are changing fast.
Well yeah because of communism and austerity. Now Chinese have money and many want to show off. Hong Kong has had a big jewellery trade, many jewellers are Indians.etc there too. Jade is also prized a lot.
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Old 01-25-2014, 12:37 AM
 
Location: Earth
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wtf. I thought Chinese were in jade. At minimum, maybe silver.
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