Chinese Load Up on Gold ETFs

Beijing-China (May 29)  Recently, Chinese have been associated with getting their money out of the country because of the weak economy and a possible debt crisis.

Those who are not getting their money out by buying Vancouver real estate or Italian soccer clubs have found another solution to the economic uncertainty: Gold ETFs.

The Chinese segment of this almost 2000 ton global market is tiny (20 tons), but those holdings doubled in the first quarter of 2016 compared to the first quarter of 2015, according to a report by the World Gold Council.

Source: EpochTimes