You are viewing a single comment's thread from:RE: Five countries with the world’s biggest gold reservesView the full contextView the direct parenttravelersmemoire (58)in #gold • 6 years ago (edited)I think in China it’s mainly citizens not regulators buying gold.
Good point. But it then begs the question, why is the Chinese government pushing the citizens. Are they planning on confiscating in the future?
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Citizens there just trust gold as a store of value. Most of them probably remember times where their currency was unstable, don’t trust the stock market and can’t afford or don’t want to put all their savings into real estate.