Dama investors suffer heavy blow as gold frenzy subsides
By GCRU Gold News on Monday, December 15 2014, 21:39 - Permalink
Jewelry shops in Shuibei in Shenzhen's Lohu district have seen a drastic reduction in custom, as the local gold market is experiencing a chill, similar to the cold front sweeping the region.
Local jewelry shops report that their sales have plunged 40%-50% this year, according to Chinese-language Shanghai Securities News.