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China sees strong demand for gold bars

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Monday, 29th November 2004 (4505 views)

Chinese consumers are turning to gold bars as they look for new ideas for investments after finding themselves with more money.<BR/><BR/>The bars offer people a different type of investment, the security of assets and the chance for a profit, according to China Daily.<BR/><BR/>According to reports, the second set of 2005 New Years Celebration Gold Bars have only recently gone on sale in Beijing but have already been welcomed by potential consumers.<BR/><BR/>This set of bars is being sold at an increase price compared to the first set, which sold out quickly only a week ago.<BR/><BR/>According to reports, the second batch contains 200 kilograms, compared to the previous 300 kilograms, but bullion dealers claim an extra batch may be made to meet demand if needed.<BR/><BR/>Already experts are predicting the gold sector will see a big rise in profits for the year, with strong positive public response being experienced.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7191736"/>

 

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