Gold has a very unique position at the moment in the investment possibilities that are open to Chinese citizens, the direction of travel is quite clear but the speed is unclear, it is not going to happen quickly but it is not a gold friendly environment in the long run.

Philip Klapwijk

Categorized in : Company News

It's not as if consumers aren't spending money, but they're not spending it on jewelry in the way they used to, consumers' discretionary purchasing power is being spent on other things -- white goods, and certainly tourism. More Chinese tourists are going abroad, and that also means during important public holidays, fewer people are visiting department stores.

Philip Klapwijk