Buyers rush to purchase 'bargain gold' in China- China Daily website

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'Gold rush', scant investment options

Recent gold-buying spree in China reveals a lack of investment options for Chinese households looking to retain asset value.

Buyers search stores for 'bargain' gold

While gold markets in the United States and Europe saw panic selling, sales of gold bars and jewelry jumped in China.

Gold still attractive

Because of the use of paper money, and especially after the breakdown of the Bretton Woods Institutions, gold has lost some of its monetary attribute.

Gold glitters for many

Beijing Caishikou Department Store, a leading gold store in the city, said its daily sales reached 100 million yuan for the seventh straight day.

Gold may lose luster

The recent plunge in the price of gold may provide certain opportunities but a long-term outlook is best.

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