Beijingers in gold rush at year end
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According to the Beijing Evening News, almost 20 kg of gold bars for investment were sold on Thursday morning after the price adjustment.
Beijing residents are also rushing to hoard the yellow metal, as they expect the economic inflation next year.
"I feel it is safer to invest in gold than other things in this period," said a business consultant surnamed Bai, who has been investing in gold since September this year.
"The inflation in Beijing is quite obvious, but I can still keep my wealth after the economic bubbles break in Beijing."
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