Considering Asia has about 2/3 the world population and gold is highly valued. What are Western investors thinking? The transfer of wealth from the West to the East IMO.
“Gold ETFs should help boost gold demand as they will make Chinese investments in the bullion much easier,” Zhang Bingnan, secretary-general of the China Gold Association, said by phone from Beijing today. “The dumping recently of holdings in gold exchange-traded products by overseas investors may not prove to be a wise move.”
Cut and paste if you have to.