In the wake of China's economic downturn, marked by rising unemployment and a lackluster property market, young Chinese investors are increasingly turning to gold as a safe haven investment. Analysts highlight the metal's enduring value retention and its appeal amidst financial uncertainty. This trend is supported by insights from the workshop of Chow Tai Fook, a leading jewellery giant, which points to a growing interest among the youth in gold. The shift in investment preference is also backed by the broader perspective that commodities like gold offer inflation hedging, low correlation with stocks and bonds, and protection against geopolitical risks.
VIDEO: Jewellers in China are considering a new and fast-growing consumer base -- younger people, who are increasingly keen to buy gold, seeing it as a safe investment in uncertain economic times. https://t.co/2zKNCMF2NW
VIDEO: Youth appetite for gold rises as Chinese economy loses lustre. Jewellers in China are considering a new and fast-growing consumer base -- younger people, who are increasingly keen to buy gold, seeing it as a safe investment in uncertain economic times https://t.co/9lyPz7bLwh
'Gold serves as a stable and dependable store of value, enhancing confidence in a nation's economic stability, especially during times of financial uncertainty.' https://t.co/Af2grebUmo https://t.co/GsZQZ3H7V5
From @ManGroup: Investing in commodities offers an inflation hedge, low correlation to stocks and bonds, and a hedge against geopolitical risks. https://t.co/dUd5rHSPin https://t.co/Xj2vTpVnHJ
Appetite for gold rises among young Chinese. Key to gold's current popularity is China's lacklustre economy, which is hitting young people especially hard as unemployment soars and traditional investment options such as property suffer, analysts say https://t.co/gm5ONsgwHL https://t.co/Ys4VHUK3yt
“Young people are different now, they will also buy (gold) because of its ability to retain value.” Our story from the workshop of jewellery giant Chow Tai Fook, as China’s economic malaise pushes more young people into safe haven investments: https://t.co/t92redHOxC