China is the second largest buyer of gold in the world and it appears that they are quickly becoming the dominant consumer in just about every commodity, and that includes gold. The total volume of gold traded on the Shanghai Gold Exchange jumped 59% in the first six months from a year earlier to the equivalent of 3,174.5 metric tons, and the Silver turnover soared more than fivefold, which is a staggering number and just underscores the potential for this country. buy gold bars
Chinese physical bullion demand is expected to rise by over 12% to over 450 tons a year as Chinese investors have shown their willingness to buy more when prices are on the rise. Another increase of a staggering 40% comes in sales of gold products such as bars and coins by China National Gold Group Corp. which is the owner of the country's largest gold deposit. The Chinese and Eastern Asians also have seasonal buying patterns for gold as many people buy at the time of Chinese New Year which is in the late January to early February time frame. Throughout the festivities, Chinese people take pains to display their gold prominently because it signifies good fortune while also contributing to the price of gold. https://www.a1mint.com/shop/