Raw gold in short supply in China
With the unrest in the Middle East and North Africa continuing, investors worldwide are feeling jittery. The volatility has been good news for the previous metal – in what’s normally a quiet season, gold sales are going through the roof. That’s led to a shortage of raw gold.
In one of China’s largest sales centers of raw gold in Shenzhen, many retailers and producers are flocking to buy larger than usual quantity of raw gold.
Mr. Zhang, one gold processor said “I plan to buy 20 kilos. That’s more than the usual amount. Market demand is greater than in the previous two years. Our recent sales have been growing by 20 percent every month.” 03-24-2011 http://english.cntv.cn Read More