Personal Gold Investment in China Soon to Be Relaxed

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Last updated at: (Beijing Time) Thursday, November 28, 2002

Personal Gold Investment in China Soon to Be Relaxed

A gold market for personal investment will soon come to show up. At the "Beijing Gold and Jewelry Exhibition 2002" convened today (November 27), small gold bars, commonly known as "little yellow croakers" and suitable for personal investment, will make a debut after 50 years of disappearance from the market.

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With the opening of Shanghai Gold Exchange, a gold market for personal investment will soon come to show up. At the "Beijing Gold and Jewelry Exhibition 2002" convened today (November 27), small gold bars, commonly known as "little yellow croakers" and suitable for personal investment, will make a debut after 50 years of disappearance from the market.

In the China Gold Mansion yesterday, the staff, wearing gloves, unwrapped cautiously the thick paper, revealing the gold bars inside. Ranging in weight from 500g to 10g, all bars are made of Au 99.99, the highest percentage of purity. A 10-gram bar is worth of over 800 yuan at the customary market price

Produced by China Gold Co. Ltd. under the China National Gold Corporation, the biggest gold supplier of the nation, these "small gold bars", in view of the different purchasing intentions, are made by way of molding and casting as regards manufacturing technology. The former of exquisite designs is good for gifts or decorations, while the price is 2-3 yuan higher than that for the raw material. The latter, known as "little yellow croakers" and without any processing marks, is fit for personal collection or investment. When the gold market is released for personal investment, investors can purchase them just at counters or in banks with a guarantee of life quality service provided and a commitment of retrieval by China Gold Co. Ltd..

By PD Online Staff Zhu Lizhen

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