Gold Beans All the Rage With China's Gen Z as Deflation Bites [Yahoo! Finance]
CHINA MRCHNTS BK UNSP/ADR (CIHKY)
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Source: Yahoo! Finance
Most Read from Bloomberg US Probing Indian Billionaire Gautam Adani and His Group Over Potential Bribery A $2 Billion Airport Will Test Modi's Mission, Adani's Ambitions Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation Bitcoin Extends Retreat From Record as ‘Bubble' Talk Escalates Stocks Fall as ‘Triple Witching' Spurs Volume Jump: Markets Wrap Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. It's part of a larger consumer trend for all things gold — from bullion to beans and bracelets — that has gripped the mainland. “It's basically impossible to lose money from buying gold,” reasoned Hong, a college freshman studying computer science in Fujian province who in January began buying gold beans because of their relatively low cost of about 600 yuan ($83) per gram. She has more than two grams of the beans and will continue bu
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- Gold Beans All the Rage With China's Gen Z as Deflation Bites [BNN Bloomberg (Canada)]BNN Bloomberg