Web Exclusive
Where to put my money?
By Song Jingli (chinadaily.com.cn)
Updated: 2010-03-26 17:06
 |
Large Medium Small |
"I am sure I can make money in the capital market, and our family would not invest in gold or silver", said a woman whose 13-year-old son I used to tutor and who has more than 10 years of experience in stock trading.
"Commemorative silver or gold products are of low liquidity and are not a good investment tool," said a vice general manager surnamed Zhong, who works in an asset management company. 
|
||||
Zhong bought standard gold coins, issued by central banks in 2007, when the stock markets were bullish in China, to hedge risks from trading stocks, and found this way was not profitable, either.
"I'd better quit the idea of buying some of the cheapest shiny things, since they are hard to be transferred into an ideal amount of cash in an emergency," I told myself.
The idea of buying gold, which is said to be the investors' choice during times of financial turmoil, sounds impractical now.
