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Q: Buying Gold in China ?
Do you find it cheaper to buy Gold jewelry in China than back home.
The reason seems to be cheap labor.
Really interested in your thoughts and experiences in general about jewelry quality and price
I only buy gold in Hong Kong because I live next to HK, but I would never buy gold in China.
Bullion is the cheapest in HK, I'd say 'worldwide'. The problem is custom, while getting out of China. 50g is permitted quantity per Chinese law and everything over that, must stay in China as I understand.
ICBC has 'digital gold packet', financial vehicle, where you can buy shares online and shares (packets) are convertible (to paper money) elsewhere in the world by Gold's price on the day of exchange.
http://www.zerohedge.com/news/2017-03-23/new-trend-emerges-–-digital-gold-gifting-gains-popularity-china
gold jewellry seems similiarly pricd.
But silvr jewellry marginally lowr as cheapr labor affects more due low metal cost.
if in gz, u can visit liwan plaza (wholesle jewellry mkt) for a gud idea.
I only buy gold in Hong Kong because I live next to HK, but I would never buy gold in China.
ITS good toi buy Gold in china its pure as compare to other countries
China is a good place to get pure gold, but you have to make sure that you keep it clean, or it will turn green.
