日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Gold loses shine for Chinese dama

By Cai Muyuan (chinadaily.com.cn) Updated: 2014-05-13 17:18

Gold loses shine for Chinese <EM>dama</EM>

The freefall of gold price stirs Chinese consumers' spending spree on gold in 2013.[Photo/people.com.cn] 

With a heavy sigh, Zhang Xiuhong slammed the drawer where she had stashed away dozens of gold panda coins that were issued in 2013. During the May holiday last year, Zhang hopped on a train, joined the flock of gold hunting Chinese dama, marched all the way down south to Hong Kong from Shanghai and bagged all the gold she could get her hands on.

"My relatives in Hong Kong helped me buy these as gold sells out fast," said Zhang displaying her trophies – gold wrapped in plastic bags.

"I can't sell these as I will lose more money, now I can only put them away," said Zhang, "I won't buy gold blindly like this again."

Dama is a term in the vein of "aunty", which can be addressed to any middle-aged woman whether you are related to her or not. It was used to refer to Chinese women who jumped at the chance for what they deemed a bargain and sweeping jewelry stores across the nation when the gold price was low last year and the press hailed the Chinese dama for defeating Wall Street.

The exhilarating scenes of Chinese dama buying out all the gold in every jewelry store has gone sour with the gold price continuing to fall since the second half of last year.

"The reason behind the gold craze last year was because from 2008 to 2011, investors were minting money every time the gold price was adjusted." Li Jun, special consultant at The Shanghai Gold Exchange, told China Economic Weekly. "With many banks and gold stores launching all kinds of marketing strategies, Chinese dama bought gold with strong expectations and the carrying cost averaged $1,500 dollar per ounce (296 yuan per gram)."

By May 5, the settlement price of gold futures in June on the Comex division of the New York Mercantile Exchange was $1,309.3 dollars per ounce (259.12 yuan per gram). According to statistics from Wind Information, the retail price of gold slumped to 330 yuan from 400 at Shanghai-based Laofengxiang Jewelry since May last year.

Chinese dama do not even have a remote chance of breaking even in a year since the gold value has fallen 15 to 20 percent, said Li.

Qu yiwen, who works at a gold store in Hong Kong, does not see the gold buying craze like last year anymore. "We had to stock up every day because the demand was big," Qu said, "but not so much this year, the deals between gold stores and travel agency have been suspended too."

Gold loses shine for Chinese <EM>dama</EM>

Gold loses shine for Chinese <EM>dama</EM>

Did Chinese dama lose big on gold?  Dama dames: China's secret weapon 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 午夜aaa| 九月色婷婷 | 久久99精品国产麻豆婷婷洗澡 | 国产精品亚洲一区二区三区 | 91精品影视| 久久看视频| 亚洲欧美在线免费观看 | 高清成人综合 | 天天躁日日躁aaaaxxxx | 国产一区黄色 | 日韩中文字幕一区二区三区 | 久久爱成人 | 一个色在线视频 | 偷拍综合网| 欧美日韩三级在线观看 | 理论片中文字幕 | 国产精品wwww | 国产一区二区三区免费视频 | 国产午夜网站 | 婷婷激情四射网 | 欧美日韩偷拍视频 | 99色在线观看 | 高h在线观看 | 哥布林洞窟动漫在线观看 | 久久久国产免费 | 国产黄色片免费看 | 一二三不卡视频 | 朝桐光一区二区三区 | 四虎影视在线播放 | 欧美色图校园春色 | 亚洲一区二区在线看 | 国产十区| 日韩美女视频 | 奇米影视中文字幕 | 久久视频| 一区二区三区在线视频播放 | 夜夜视频| 青青操视频在线播放 | 福利在线小视频 | 国产激情图片 | 大地资源网在线观看免费官网 |