Chinese Load Up on Gold ETFs

Chinese Load Up on Gold ETFs
Chinese sales staff walk along an aisle paved with gold bars at a gold exchange house in Kunming, China, Dec. 11, 2012. STR/AFP/Getty Images
Valentin Schmid
Updated:

Recently, Chinese have been associated with getting their money out of the country because of the weak economy and a possible debt crisis.

Those who are not getting their money out by buying Vancouver real estate or Italian soccer clubs have found another solution to the economic uncertainty: Gold ETFs.

The Chinese segment of this almost 2000 ton global market is tiny (20 tons), but those holdings doubled in the first quarter of 2016 compared to the first quarter of 2015, according to a report by the World Gold Council.

(World Gold Council)
World Gold Council
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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