Why Is Chinese Gold So CHEAP? (Explained)

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Gold is a treasured commodity that many folks worldwide love to own.

Now, it has a scarce nature and is supposed to be fairly expensive, right? But then, why is Chinese gold so cheap?

And that’s exactly what we’re going to talk about today. Specifically:

- The country’s regulatory environment
- Gold production
- Exchange rate effects
- Lots more!

There’s an intriguing backstory to why Chinese gold costs less, and we’ll look at the ins and outs of China’s market.

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TIME STAMPS:

00:00 Intro
01:24 Regulatory Environment
02:43 Gold Production
04:17 VAT & Import Duties
05:53 Exchange Rate Effects
07:26 Demand & Supply
09:12 China's Affordable Gold Prices

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#gold #chinesegold #goldinvesting

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Disclaimer & Disclosure statements:

Gold & Silver Central is for informational and educational purposes only and does not offer any personal financial advice. Please note that past performance does not guarantee future results, and always consult with a financial advisor before making any decisions.

[solarischronos]

Its not cheap. They don't weigh their gold coins by oz but by grams, 30grams is just 1 gram short of 1 oz which is why the retail price seems cheaper

[temujin]

As a coin collector I found that my collection of Chinese gold panda coins are of the highest quality.

[MooseBme]

They (China) buy a lot (of gold) and sell very little.
Canada doen't seem to want its gold.
It would seem that Canada would rather have Chinese paper and landlords.
I would love to be the broker who gets laughed by the Canadians,
for being paid in real gold coins, bars and mining stocks, just to handle these transactions!