Why is China attracted to gold? - Views on News from Equitymaster

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Why is China attracted to gold?

Feb 11, 2014

Here is today's recommended reading list from Equitymaster...

The Fragile Five
The increasingly growing turmoil in the emerging markets in recent periods has led to an emergence of a new expression titled "Fragile Five". These markets have been primarily termed fragile on account of their excessive dependence on foreign investments to finance their growth ambitions. Find an interesting piece in this regard from the New York Times below that not only highlights the emerging problems of emerging markets but also takes us through the views of few eminent Economists. (Nytimes)

A portfolio that could survive all odds!
A lot of investors are victims of herd mentality and bad timing. It not just the initial selection, but tracking all the events that could potentially impact your investments that need the real hard work. But as the author in the article suggests, it is possible to have a portfolio that can survive anything, and without too much of efforts. Could this be a better solution than "balanced portfolio" of stocks and bonds. Read on to find out... (Marketwatch)

Investing lessons from current generation of superinvestors
There are few lessons that are best learnt from other person's experience. Financial investing is one such area we believe where one can learn a lot from the people who have the knowledge and experience. The following article shares the view point of current generation of superinvestors on some of the most common aspects of investing . Read on for the details. (Fool.com)

Bitcoin: The uncertainty continues
We all have read enough about the rise in the value of bitcoins and skepticism surrounding the virtual currency. With the recent tumbling in value, it seems that finally the fears regarding its status or validity are coming true. The currency has taken a beating with severe criticism from Russia, regulators and recent technical glitch. Read on to find out what the general opinion about the currency and its future. (Money.cnn.com)

Why is China attracted to gold?
Over the last decade, China has emerged as the biggest consumer of commodities. In 2013, the dragon economy bucked India to become the biggest consumer of gold. While gold demand by Chinese consumers has been increasing, it seems the Chinese central bank too has been buying gold. This is noteworthy because the last time the central bank had increased its gold reserves was in 2009. Moreover, the gold purchases contradict the central bank's stance on the precious metal as Chinese officials have often cited their dislike for gold as an asset for diversifying their huge forex reserves. We insist you read this interesting article to know more about China's newfound interest in the yellow metal. (Ft.com)

Richa Agarwal

Richa Agarwal (Research Analyst), Managing Editor, Hidden Treasure has over 7 years of experience as an equity research analyst. She routinely scours the small cap universe for fundamentally strong companies trading at attractive prices. Having degrees in both finance as well as engineering has served her well in analysing business models across the small cap space.

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