2014-10-08

Gold Sales at Beijing Caibai Flagship Store Jump 25% YoY

Strong gold sales of ¥260 million over the 7-day holiday were led by jewelry purchases. Investment sales are still down sharply for the year. In the first half of 2014, Chinese jewelry sales were up 11% and investment gold down 62%, for an overall drop of 19% in physical demand.

Maybe the gold smash was the CCP's secret gift to the people...

Source: 国庆金饰品热卖 菜百7天卖了2.6亿元
Source: 金饰品与投资类黄金冰火两重天

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