- The Dark Side of China’s Gold Frenzy - The New York Times
About a year ago, Ms Li invested about $35,000 in gold bars through Yongkun Gold, a company that runs an online platform and dozens of jewelry shops in eastern China
- The dark side of Chinas gold frenzy - MSN
Numerous Chinese investors, like Julie Li, face potential financial ruin after investing heavily in gold through Yongkun Gold, enticed by promises of high returns
- The Dark Side of China’s Gold Frenzy - discussion. fool. com
The Dark Side of China’s Gold Frenzy Chinese investors have poured their savings into gold, attracted by promises of rising prices One company’s sudden closure is a cautionary tale By Joy Dong and Daisuke Wakabayashi, The New York Times, June 18, 2025 … Last month, Ms Li and thousands of other Yongkun Gold investors were supposed to receive a payout from their accounts Instead, the
- The Dark Side of China’s Gold Frenzy: Investors Face Losses Amid . . .
As gold prices surged to record highs, many Chinese investors believed the precious metal was a safe and lucrative bet Julie Li was among them About a year
- China’s Gold Buying Frenzy Reshapes Global Market
The country’s behemoth gold market dwarfs government purchases, highlighting Chinese investors’ insatiable craving for gold In 2022 and 2023, the jewelry market consumed 570 8 and 630 2 metric tons of gold, respectively
- Yongkun Gold Collapse Exposes Risks in China’s Retail Bullion Boom
A record-setting surge in bullion prices—up about 30% this year to roughly $3,300 an ounce—has intensified a retail gold frenzy in China, where households are seeking perceived havens from a weak property market, volatile equities and a depreciating yuan
- Why a Chinese gold mania may be starting | Kitco News
The Shanghai Futures Exchange gold futures were the primary vehicle behind the spring 2024 gold frenzy, a surge that subsequently spilled over into international gold prices: A fascinating Financial Times article from that time titled " Chinese Speculators Super-Charge Gold Rally " highlighted how trading volume in SHFE gold futures had surged
- Gold | Deciphering Chinas gold-buying frenzy: Decoding motives behind . . .
The price of gold broke the $2,300 (€2,212) level for the first time this week as geopolitical issues, expectations of US interest rate cuts and China's accumulation of the precious metal spurred interest from speculators
|