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Gold ETF investing is coming to China. Authorities have given the go-ahead to a mutual fund that...

Gold ETF investing is coming to China. Authorities have given the go-ahead to a mutual fund that will invest in foreign exchange-traded gold funds. Inflation running at nearly 4.5% while bank deposit rates offer 2.5% have driven interest in precious metals investing.
Comments (5)
  • apberusdisvet
    , contributor
    Comments (2865) | Send Message
     
    Gold bears should note this development that would indicate that many millions of upwardly mobile Chinese will be able to slake their historic thirst for a metal that the world banking community disparages at every opportunity. We must not lose our addiction to colored pieces of paper; God forbid that bankers will not be able to manipulate currencies and therefore the lives of billions.
    30 Nov 2010, 08:38 AM Reply Like
  • eggfaced
    , contributor
    Comments (293) | Send Message
     
    The Fed is the enemy of the citizen. Gold is the enemy of the Fed.
    30 Nov 2010, 08:42 AM Reply Like
  • jd123
    , contributor
    Comments (173) | Send Message
     
    Glad I didn't sell GLD last week.
    30 Nov 2010, 09:18 AM Reply Like
  • bigpapi
    , contributor
    Comments (173) | Send Message
     
    Gold is the enemy of the welfare state.

     

    Kill the New World Order!
    30 Nov 2010, 10:18 AM Reply Like
  • glennbahia
    , contributor
    Comments (94) | Send Message
     
    "Inflation running at nearly 4.5%" Why do some people accept stats as if they were written in stone. With a myriad of ways to manipulate inflation stats and knowing how the Chinese system works; how can anybody take this number seriously. I can assure you the Brazilian real inflation number is not the reported number either. The benefits derived from understating inflation to governments and other institutions are easy to understand.
    30 Nov 2010, 06:30 PM Reply Like
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