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China is Buying Up Unprecedented Amounts of Gold

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As gold surged this year to its highest price, Xena Lin joined the frenzy by making monthly purchases of gold “beans,” pebble-like morsels of the precious metal. For Ms. Lin, a 25-year-old administrative worker in southern China, the $80 beans—small enough to rest on a fingertip and weighing about one-thirtieth of an ounce—were an affordable way to buy into the gold excitement without splurging on jewelry, gold bars, or coins. She had dabbled with investing in stocks, but buying gold, especially in this fun way, inspired her to continue investing. “I’m still working hard to save more,” Ms. Lin said…(READ MORE)

 

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