Description: Despite the consistent slide in the price of gold, China’s gold imports have increased substantially. At its present rate, by the end of this year, China will hold 35% of world’s total supply of gold.
Source: Financial Post
Date: July 5 2013
Link: http://business.financialpost.com/2013/07/05/chinas-gold-imports-remain-massive/
Questions for Discussion:
- In your view why is China importing such large amounts of gold even though the price of gold is consistently falling?
- What do you foresee will happen to the price of gold in the near future?
- If you were an investor, seeing what China is doing, will you be encouraged to invest in gold?
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