To put the following article in context.............

 

299 yuan per gram = $48.74 US per gram

 

troy ounce = 31.10 grams --> therefore 31.10 x $48.75 = $1,516.12 per ounce of gold

 

Gold promotion draws 10,000 buyers in E China

http://usa.chinadaily.com.cn/china/2013-06/12/content_16611576.htm

 

which leads to a logical question.......

 

what exactly is it that North American investors/consumers are missing??