China’s Stock Plunge Burnishes Gold’s Appeal
By GCRU Gold News on Monday, August 3 2015, 23:17 - Permalink
Until recently, every time Hong Kong-based bullion supplier Padraig Seif would inquire about demand from customers, the answer would be the same: Business is quiet as all eyes—and money—turned to the surging stock market.
Suddenly, though, his sales are booming again in the wake of a plunge in Chinese equities and sliding gold prices.
Customers are now preordering their gold, something that rarely happens, he added.