Should you be buying gold? That depends

The World Gold Council, the UK-based industry association, recently consolidated its operations on China’s mainland to reduce costs and improve efficiency.

Shanghai has become the group’s regional head office for the Chinese mainland, Hong Kong, Macao and Taiwan, while its existing Beijing office remains open, Albert Cheng, managing director of the council for the Far East, told Shanghai Daily in an exclusive interview in December.

He joined the council’s Singapore regional office in 1993 and became the managing director responsible for the entire Far East operations in 2003. He has been one of the four international advisors to the Shanghai Gold Exchange for 11 years.

Cheng discussed with Shanghai Daily different types of gold investment, the factors that influence prices, and the feverish buying by middle-aged women in China — the so-called Chinese “Dama” — after a price plummet last April.

Read More:www.shanghaidaily.com/Business/finance-special/Should-you-be-buying-gold-That-depends/shdaily.shtml