China 2011 Gold Investment May Jump 50%, Council Says
This article is for subscribers only.
Gold investment in China, the second-largest consumer after India, may gain 40 percent to 50 percent this year as investors increase purchases of the precious metal as a store of value, said the World Gold Council.
“Chinese investors have shown great enthusiasm amid lack of other alternative investments,” Wang Lixin, China representative for the council, said today in Beijing. Wang said the forecast was a “conservative estimate.”