Everyone is fleeing to the safest asset in the world – gold?
In China, they are taking it one step further
While the whole world seeks refuge from market volatility, the Chinese have already automated gold trading – literally.
A new gold ATM in the heart of a luxury mall in Shanghai attracts crowds, especially seniors, who rush to convert old jewelry into cash – quickly, transparently, and in real-time.
– This is a service that is already bypassing traditional gold shops and attracting significant interest precisely at a time when gold is again touching historical highs.
Is this the beginning of a global trend that will further push demand for gold?
Or perhaps, under the radar, this is another way China is quietly promoting gold's rise to a new value?