Gold and Silver Soar and Crash, Chinese Aunts Rush In, Fakes Flood Market, Millions in Tragedy
Gold and Silver Soar and Crash, Chinese Aunts Rush In, Fakes Flood Market, Millions in Tragedy
Udumbara
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Gold prices in China have recently shown sharp ups and downs. This has drawn thousands of investors into the market today.
On February 3, the gold bar counter at the Caibai Jewelry flagship store in Beijing’s Xicheng district was crowded. Long lines stretched outside the door. Many customers were elderly. It felt less like shopping and more like a rush, similar to people grabbing discounted vegetables.
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