News Analysis: Purchases of Gold by Chinese in 2013 amounted to a total of 366 Tons. The Country mined 437.3 Tons last year. Since Chinese like gold for long-term economic purposes, 24 karat is preferred by citizens there.
In Gold Coinage, Turkey was the only country who minted more than Beijing last year.
Investors who want Historically Valuable Assets should consider Gold for their Inventory. The easily printed ‘Paper with Ink on It” (which is of questionable long term worth) called ‘National Currency’ largely has a major flaw in it; there are few ‘Real Assets’ to back it up.
Reality.
Reference: http://rt.com/business/china-biggest-gold-consumer-153/