Gold investors lured by falling Chinese stock market

28/01/2010 00:00 AST

Global investors ranging from Jim Rogers to Marc Faber have been ardent proponents of putting money into all of kinds of commodities in China. 'China is the place to invest in' is the mantra for every investor in the world. Gold is these days the most sought after investment vehicle for many Chinese. And now, analysts predict that falling stock market in China is a great opportunity for gold buyers to put their money.

One particular trend in Chinese gold buying has perplexed several analysts: Chinese people are buying into the rising price of gold. In countries like India and the Middle East, rising price of gold has seen investors shying away from putting their money into the yellow metal. The result was a sharp rise in scrap gold sales, as people wanted to make money by selling old gold. In China, people are on a gold shopping spree.

Bullion analyst in Beijing Li Ziam Kim says the high price of gold is not deterring the Chinese investors from buying the yellow metal.

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