When it comes to the gold price war, bullish Chinese consumers can't wait to buy

While people in the United States and Europe are selling gold in panic, apparently it’s a very different story in the east.

As the price of gold bullion tumbled another US$125 per ounce on Monday in its biggest-ever daily loss, some retail investors in Hong Kong and mainland China considered this a rare opportunity for them to boost their personal gold reserves. Chinese media in Hong Kong and Shanghai reported that more people than usual rushed to local jewelry shops to buy gold bars causing some shops to run out of stock within just one or two days.

via Business feed http://www.scmp.com/business/money/wealth/article/1215940/when-it-comes-gold-price-war-bullish-chinese-consumers-cant