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Wednesday, 20th March 2019

Irish Born Chinese

Gold rush in Hong Kong

Created Thursday, 2nd May 2013, 14:41 by Whykay_g
If you were in Hong Kong and checking out those crazy jewellery shops that are filled with gold, well, there's not much left. I was watching TVB news back home and saw tour groups from Mainland China going to Hong Kong and trying to buy gold as its prices have dropped, but were disappointed when there wasn't much left.

Here's an article from the China Daily about it:
http://www.chinadaily.com.cn/business/2013-05/02/content_16466423.htm

I said to mom that it must be a bummer for those who bought gold jewellery just before the price drop for big occasions like weddings. But I watched this video from Reuters, folks are going to Hong Kong with suitcases!


Even so, according to The FT, shares of Hong Kong jewellers dropped.