Chinese investors are hedging their investments with gold thanks to the holiday smash in prices this week. Investment consultants are also pushing the metal as an alternative/hedge to sky high real real estate.
Sina: 房子难买 但黄金火了 中国大妈开抢!
Netease: 金价连日暴跌 专家:投资黄金已迎来买点
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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