Economic turmoil in China has fueled an increased appetite for gold among consumers in one the world’s largest economies as other assets like stocks and real estate struggle.
““[Consumers] are naturally moving to relatively conservative assets like gold. The outlook for Chinese property and stocks is very weak.”
—Zhang Ting, analyst with Sichuan Tianfu Bank
What does this mean for the international gold market, and is now a good time to buy gold?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Bloomberg: “China’s New Year Buyers Look to Gold as Stocks and Property Crash”
- CNBC: “Gold prices to hit $2,200, and a ‘dramatic’ outperformance awaits silver in 2024, says UBS”
- Barron’s: “Youth Appetite for Gold Rises As Chinese Economy Loses Lustre”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
