[Hilift]

In the US, you could take 75% of your money allocated for savings and invest in an index fund and it would be a safe investment and probably make money. I don't think the average China consumer has access to that type of safe investment, or they don't trust financial institutions.

I don't really see a valid reason to invest in gold in the US vs index funds. It seemed more of a paranoia thing up until now. Now it is attracting BTC level of throw money in the hole. $84,500/kilo, which is about the size of a large phone.

Creating markets like this fueled the conflict in Sudan. At least one plane per day fly gold from Sudan to the UAE. The RSF leader made his fortune selling gold. Despite being a humanitarian basket case, Sudan produces over one ton of gold per week. https://archive.is/3ZT6v

[HDThoreaun]

Right thats what Im saying. Most chinese companies are state owned and can not be invested in. Foreign equities have the risk of running into a government crack down. Without good investment opportunities chinese investors are forced to turn to bad investments which become bubbles.