Thursday, May 20, 2010

Chinese Citizens are Rushing into Gold

Chinese citizens are rushing into gold, as shown in this news report of precious metals shops packed with buyers. The Chinese middle class of 300 million people is moving to protect its savings.

The Chinese government is buying and mining gold, and it is encouraging its citizens to put savings into gold as well. History shows that nations with the most gold have the most power. What are you doing to protect yourself from the currency crisis?

The Panda coin series fills only a small portion of Chinese gold demand, and mintages of many dates are very low. Some of the more scarce dates are disappearing into strong hands. These gold coins may become the Chinese equivalent of the US "Double Eagle" - desired by collectors and investors for generations.

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