China's 'Big Mothers' Drive Gold-Buying Binge

Bargain-hunting middle-aged Chinese women have become a force in the global gold market as they rush to take advantage of falling prices. WSJ's Tania Lee reports.

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[SuperGreatSphinx]

Most of China's gold output stays in the country - where it is transformed into jewelry and manufactured items, though the country's export role is increasing.

In 2007, fabrication rose 18%, helped by demand from China's increasingly wealthy middle and upper classes.

With a rapid rise in domestic demand, China is now the world's fourth largest gold-consuming country.

Chinese market demand accounts for 9.2% of worldwide gold consumption.

[enderwiggin]

You would think that the WSJ would know the difference between a commodity, something one consumes, and real money, gold.

[mogroot]

they buy cuz noone still their shit like in mexico lucky people