Mainland Chinese shoppers invest billions in gold

The scene at each of the four Chow Tai Fook stores dotting Causeway Bay's Hennessy Road was the same: a rush of buyers snapping up jewellery, coins and other gold items.

Gold investors elsewhere around the world were dumping the precious metal last week as it dropped to its lowest price in three decades. However, buyers in Hong Kong, particularly those from the mainland see value - they have been swooping on Hong Kong jewellery shops to buy at what they perceive are bargain prices.

via Business feed http://www.scmp.com/business/money/spending/article/1219963/mainland-chinese-shoppers-invest-billions-gold