Chinese Lunar Year Gold Buying Frenzy Has Begun SD Guest Contributor: Koos Jansen, BullionStar | With reports of 0.6 metric tonnes of gold sold in a day at a single Beijing shopping mall, the Chinese New Year gold buying frenzy has begun… Every year around January first the Chinese ramp up gold buying at retail level to an unprecedented pace (click, click and click to read about the buying spree last year). The Chinese calendar (Lunar Year) is slightly different than the Western (Gregorian) calendar. In China new year will be celebrated on February 19, 2015, this time to begin the year of the goat. For the occasion the Chinese buy each other gifts, quite often in the form of gold. Read more: silverdoctors/chinese-lunar-year-gold-buying-frenzy-has-begun/
Posted on: Mon, 12 Jan 2015 20:28:40 +0000
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