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Commodities  |  December 02, 2010 10:39:28

Imports of gold in China is growing rapidly

ColosseumShen Xiangrong from the Shanghai Gold Exchange said today that for the first 10 months to China imported 209 tons of gold. Last year it was in the same period, imported 45 tonnes of the precious metal. 70 to 80 percent was imported in the form of small tehličiek, which shows query on high retail investors. And they fear rising inflation and searching for assets that they can protect against a decline in the value of money. Interest rates on products of deposit in banks or not enough to cover inflation.

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