A Global Currency Blog

Gold bullion purchases are shining bright in China. Gold purchases in Hong Kong surged to a record high in November for the fifth straight month. China’s imports from Hong Kong were more than 100,000 kilograms, a 20 percent month-over-month increase and a 483 percent year-on-year increase.

That led most analysts to estimate that buying gold for the Lunar New Year would be even stronger this year than in past years.

Last year, China overtook India as the world’s biggest market for gold. Many experts believe that the imports from Hong Kong are viewed as a proxy for overseas buying.

Don’t miss out on buying gold during this strong seasonal period. Chinese New Year peaks on January 23 and now is the time to invest in gold before the strongest buying season. For more information about investing in gold, please visit our website at www.aglobalcurrency.com.

Labels: buying gold, gold coins, gold investment, gold ira