China retail buys more gold than India now
“The Only Safe Asset"
“The Only Safe Asset" - Chinese Consumers Overtake India In Gold-Buying Frenzy
Who could have seen this coming?
In November 2023, with gold trading around $1900/oz, we highlighted the beginning of a precious metal buying-binge from China, noting that the prcie for physical gold had never been more expensive at the time (while western gold pri…