by Koos Jansen, In Gold We Trust:
This email was just sent to me by one of my Chinese friends.
New year’s eve is big sales day in Shanghai. The biggest shopping mall usually sell as much goods on 12/31 as it sells in one month. This shopping mall stocked 200 kilos of gold bars and sold out in 3 hours because of special 15% discount that brings the price closer to cost. After the discount, the price is close to Hong Kong’s. It rations gold sales to 20 grams per person, the queue started at 9pm on 12/30, 10 hours before the mall opened door.
Last year, it stocked 170 kilos of gold bars and sold out in 3 hours too.
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