Bitcoin.com: Banks Run Out of Gold in China As Retail Investors Seek Cover From Macro Conditions
Article by Sergio Goschenko in Bitcoin.com
Gold is shining again in China as a tool for investors to protect themselves from current market instability. According to Yicai, some Chinese banks have faced a shortage of their most accessible gold products, primarily intended for retail investors.
For example, the Industrial and Commercial Bank of China has run out of its Ruyi bars in 5g, 20g, 50g, 100g, and 200g sizes, with only the 10g bar available in limited quantities.
Similarly, other banks are facing difficulties in maintaining stock levels due to rising demand. The Agricultural Bank of China, which offers these gold products in various retail-friendly sizes, has run out of its ......