International gold prices plunged since April, although recently a slight rebound, but still below the usual selling price, many cities continue to grab the gold rush into madness. It is reported that since the price of gold fell 10 days, mainland investors «swallowed» the physical gold 300 tons. Coincides with the «May Day» holiday, «Golden Week» has become a «gold rush week», gold has become the retail «bottom fishing» object.
Many industry insiders believe that buying stocks from the replica Van Cleef & Arpels jewelry
private sector so that the original gold tide or will continue to decline in the gold price movements slow down, Goldman took the lead exit short gold. Some netizens sigh, «Wall Street analysts arrived, but Chinese Aunt.» Pessimists also believes that foreign investors are gradually leave the gold continued to fall, «the price of gold back to $ 1750 to wait for a long time.»
«There is HK $ 200,000 Hawker swept the gold 1 kg, turnover in the past month Van Cleef and Arpels jewelry replicas
has increased nearly seven times.» Wing Hong Kong gold shop clerk
May Day «Golden Week» on the 1st into the final day, a large number of mainland tourists specifically Chen Jiaqi and low gold gold rush, «Golden Week» to «grab the golden week.»
«May Day» Golden Week, the first day, the whole city of Guangzhou Van Cleef replica necklace
staged a drama of crazy gold rush, retailers ushered in consumer rebound. Many department stores such as Chow Tai Fook, the old Phoenix, Liu Fu, Tai Fook other counters surrounded by many consumers rush to buy gold.
«Buy gold is like buying cabbage, do not bargain, the one on billing, pay, as if afraid slow step by others robbed.» Less than 10:04 March 30 morning, the Guangzhou Department Store building just opened gold jewelry welcome off, the counter on the tube with several layers of consumers.
Many of the «gold rush off» to go to Hong Kong and Macao will jindian «looting» in an instant, and even appeared in the door did not open the door to the US dollar tumbled spectacle. April 28, there replica Van Cleef and Arpels earrings
are more than 120,000 mainland tourists arrivals increased by more than two percent over last year, of which a considerable part of visitors is to buy gold. Located in Wan Chai, 71 years Wing gold shop clerk said Mr. Wei, from the previous month, the turnover of shops soared 6 to 7 times, the guests had spent HK $ 200,000 swept the 1 kg gold. There are busy in the tourist spot of Jewellery, said tourists since the eve of the «Golden Week» has soared, more than usual about 30-40%, all gold manufactured goods, both decorated with gold, the gold particles are swept away many passengers for this sighed, «a hard to find gold.» Chow Tai Fook Out can not even properly replica Van Cleef and Arpels earrings opened stores in Hong Kong and Macau.
In addition, Taobao data show that since April 16, Taobao daily trading volume than usual gold was up 3-4 times.
Competing with the biggest names in international gold Retail VS
The mastermind «golden earthquake» in the end who is behind?
Some analysts point the finger at the Fed, revealed that the Fed quantitative easing coming to an end message is to suppress the gold price, the gold market forced investors to exit, switch to US Treasury bonds, which will be able to reduce US Treasury yields, thereby reducing the Fed's quantitative easing cost. Analysts also pointed out that the presence of US motives sharply suppress the price of gold, thereby shrinking gold reserves of other countries, weakening its national currency, in order to highlight the status of the dollar.
Some analysts also recognize the «prime suspect» is Merrill Lynch. Merrill Lynch is one of the world's largest retail securities and investment banking, while selling 10 million ounces of April 12 appeared in the New York gold futures market, the market rumors that the sell order is from this company.
Warning gold investment risk
«Chinese Wall Aunt war», which the Boxers and shouted «bulletproof» toward guns and cannons, as this is not war, is pure die!
Investment professionals Huang Sheng
«The reason why the international gold price plunge caused by the mainland 'grab gold wave', on the one hand from the Chinese people since ancient times for gold preference. In addition, inflation, currency over low deposit rates and factors also make a lot of people want to borrow gold preservation. „China banking Research Center, central University of Finance and Economics, Guo Tian Yong said.
“In fact, as early as 2011, when the gold price fell, we pointed out that gold is no longer a safe-haven asset, has since repeated this point.» UBS Wealth Management investment director Schnider said gold may be able to help investors cope with economic instability or inflation, but gold is essentially a great volatility in commodities, «that is similar to foreign investment.»
«The value of gold still exists, if the growth rate of inflation again, gold will be back to $ 1,750 an ounce, or even higher, but it may take a long time.» Schnider said that gold can only be used as a tool for diversification in the portfolio the proportion is preferably not more than 5%, a higher proportion of gold configuration does not bring additional revenue.
Beijing gold trading center, principal analyst Zhang Lei also pointed out that the purchase of gold jewelry and real investment behavior there is a gap, he cautioned investors not holding the mentality flourishes, but should keep the long-term thinking.