Gold Retailers Are Expanding In China [Details]

chinese gold,
Written by Mike Hammer

While some parts of the world are slow to get on the gold train, other parts are leaping ahead. We’ve already reported that the pace is picking up in India.  News out of China this week says retail demand there is strong at the low end of the market. One of the world’s largest jewelry chains, Chow Tai Fook, just announced they are expanding in both urban and rural areas.  They are looking at opening 500 new stores in the near future – wow.

It makes sense when you see how many stores they already have. Chow Tai Fook is one of the largest jewelry retailers in the world, even if the name doesn’t sound familiar to Western ears. Today’s featured article reveals how many stores they already have, more eye-watering stats on the size of their business, and who the key owner is. We’ll just say he doesn’t need to win the lottery as much as some of us.

Continue reading at Asia.Nikkei.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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