China's Gold Investing Outweighs Jewelry 2.5x - BullionVault
China's Gold Investing Outweighs Jewelry 2.5x - BullionVault
Source: BullionVault
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DW NOTE
China now buys 2.5 times more gold as investment than it does for jewelry. That's not jewellery demand cannibalising savings — that's a population pricing in currency debasement faster than the central bank admits it. When an entire society shifts from ornament to store-of-value in a single generation, someone has lost faith in the alternative.