During my last trip to China I spoke to the head of one of China’s most influential government agencies. One of the largest concerns the government has is the real estate market and stock markets being overvalued and having few options for Chinese to invest elsewhere. This is part of the huge push in China for gold by the Chinese government, and why there have been government sponsored advertisements encouraging Chinese to own gold.
With Chinese real estate markets popping and capital flooding into stock markets, I suspect the push for diversification into gold within China will only accelerate over the next few years.
I for one, am looking forward to expanding business operations in China and Asia in general, it is an amazing market.