Gold, the price triple jump

World Gold Council (WGC) figures released by the financial crisis and the impact of rising gold prices, as of the second quarter of this year, the global gold jewelry consumption dropped by 22%, while China has remained 4% increase.

Sichuan Province, gold Pearl ring jewelry trade association, said the Secretary-General Chen Lan at home, in the last National Day holiday Mid-Autumn Festival, the Chengdu-year gold sales rise at least 10%.

These two data at least to explain a problem, and that is a considerable extent the financial crisis has aroused the Chinese people for the most traditional "hard pass" --- the passion of gold. May also long ago, fashionable women are still the most beloved all platinum jewelry. A professional investigative body to data released in 2006, that at the time of the jewelry market in Chengdu, platinum and gold accounted for more than half of Jiangshan: At that time the Fengxiang floor, PT950 accounted for 35%, PT900 accounted for 30%, 18K white gold accounts for about 15%, left under 20% is 24K Freshwater pearls gold and 18K gold. Now, after only two years, this data can be transferred almost a month has.

If we say, Chengdu Golden Week focused on the release of this gold jewelry, ordinary people's enthusiasm for gold from the price of gold steadily rising. Love jindian the relevant person in charge told reporters September 12 Pearl bracelet about the price of gold is still 228 per / g hovering around that by September 22, gold will rise to 238 yuan / gram, while the National Day in less than 10, gold is up Pearl necklace to 245 yuan / gram.

If before the National Day 1000 pure gold bullion selling price of 238.8 yuan / g, for example, the day repurchase price of 228.8 yuan / g, that is, if the price of gold rose more than 10 yuan per gram, gold is a positive return. , While the cut-off press time, the October 22, 1000 the price of gold had risen to 253 yuan / g, just over a month, the price rose 37 yuan / kg. Gold's gains so sharp, so that many investors feel that a profit "in sight." Another one in the total Fulu gold shop, the salesperson told reporters, "before the National Day of people to buy gold, and now has earned the money immediately at the end, and have Pearl pendant to continue to rise, this time to buy a very large space."

In addition to the enthusiasm for gold short-term price incentives, but more importantly, inflation expectations are based on the strengthening and hedging demand. The industry believes that when the market is hedging on the gold charm, when fully revealed, that is, the proliferation of inflationary monetary upcoming signal. Although the economic crisis through the difficulties, but the prospects for economic recovery is still not quite clear, therefore, consumers tend to be more demand out of the hedge.