China Tells

Gold price has gone up almost 50% in 2009, however, it doesn’t stop Beijingnese to buy more (See Article from China Daily). Over the last weekend of 2009 in Beijing, the gold jewelry sales jumped a staggering 30% compared to last year. Several factors combined contributed to the sales growth: a strong expectation of inflation in Beijing, a traditional fondness of gold souveniers, and a good wish for the coming new year. Such a trend just happened at the same time the international gold price kept challenging historical record highs, which makes the gold price outlook even more bullish.

09年岁末之际，北京黄金销售屡创新高。根据一些黄金首饰店的销售纪录，上个星期北京黄金销售同比增长30%。黄金受京城居民拥护，主要还是由于中国传统黄金保值观念的影响，以及对于通货膨胀的强烈预期。毕竟只有黄金才是不会被银行滥发的。