As China gets first gold ATM their passion for gold is ‘as strong as ever’
As the gold price looks to stabilise around the $1600 level, after the drop in the gold price last week, we get news that China is getting in on the gold ATM game.
China joins the growing list of countries that have gold ATMs:
- Abu Dabi
- USA
- Switzerland
- Austria
- Germany
- UK
Whilst using these ATMs certainly isn’t the most cost-effective way of investing gold, it certainly is a very public way of gold of getting gold more embedded in the public psyche. And as central banks seem hell bent on on destroying paper currencies around the world that has to be a good thing.
Related posts:
- China’s Gold Bullion Market
- Future Gold Sales for 2010: Strong Outlook
- China to Invest in Gold
- China Gold Imports Five Times 2009 Levels
- CHINA – WORLD CLASS GOLD PRODUCER
Link to this article: : http://www.goldmadesimplenews.com/gold/as-china-gets-first-gold-atm-their-passion-for-gold-is-%e2%80%98as-strong-as-ever%e2%80%99-5311/
Posted by Kate Gerbich on Sep 30 2011. Filed under Analysis, Gold News, Markets.
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