Buying Gold during Chinese New Year
February 17, 2010 3:06 pm Diana's Diary, General, InvestmentDuring Chinese New Year, the Chinese will bring out their gold jewellery from the bank to wear them on this festive occasion. They will be busy visiting friends and families and give out red packets of money or ‘ang pows’ to children or unmarried youths. If you have the spare cash to invest, it is a good idea to buy gold bullion to hedge against inflation. And recently, it was in the news that both China and India invested billions in tons of Gold instead of the USA greenback which keeps falling since some time ago. You will never go wrong when you invest in gold and my local Public bank account allows clients to open a GSA or Gold Savings Account to trade in gold bars by the weight.
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