Asians, especially Chinese,
buy gold like crazy.
"Spurred by a sudden drop in prices, Asians in the last two weeks have gone on a gold-buying binge. The
Indians, the world’s largest net importers of the yellow metal, have
been snapping it up of course, and so have the Japanese, now concerned
about a falling yen and rising inflation. Hong Kong
residents descended on the stores, but none have been so enthusiastic in
stocking up on the commodity as Chinese from the Mainland."
The buying opportunity continues.
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