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Thursday, October 8, 2009

Gold in China

China's gold investors undeterred by high prices - Reuters.

Key points from the article I did not realize is China is the biggest producer and user of gold.

Gold is big in Chinese Culture and seen as a hedge when times are tough. The is also the speculation factor. My daughter when she was born was given a solid gold charm by a cousin. We did the same thing for a friends daughter. And when giving gold, 24k is best. Gold is also the color of luck, so inside Chinese restaurants writing will be in gold and names will also often be printed in Gold colored ink on business cards.

The above on gold is what I have picked up during my marriage.

A great book that I need to check out on this when I get back to the office on Chinese Symbolism is Good Luck Life: The Essential Guide To Chinese American Celebrations And Culture

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