OpinionThinking About China

Chinese Fears Show in Heavy Purchases of Gold

Chinese people are buying gold in response to fears about real estate, their economy generally, and what next steps Washington will take.
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Chinese Fears Show in Heavy Purchases of Gold
Gold bars are seen in this file photo. China’s private sector is amassing gold and has outpaced India, pushing that country to second place in 2013, according to a mid-April report by the World Gold Council. Michal Cizek/AFP/Getty Images
Milton Ezrati
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Commentary

Nothing glitters like gold, especially in China these days.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."