China seeks to limit the investor flight to safety to gold
Gold may or may not be the best investment, but it has been the best performing asset class for the last 20 years and it may help to protect one’s wealth if not confiscated by the government as it was in the 1930s.
Agricultural Bank of China said it had recently suspended new businesses related to gold, while Bank of China said it halted new account openings for platinum and palladium trading.
The Shanghai Gold Exchange said on Tuesday gold and silver holdings were high, and it would take risk-control measures if warranted to protect investors.
This article was originally posted here: https://www.ac2news.com/2020/08/china-seeks-to-limit-the-investor-flight-to-safety-to-gold/.