500 billion capital inflow into gold market

U.S. magazine said: "Gold has been high, do not have to catch up with the international gold price continued to rise, the recent breakthrough of 1400 U.S. dollars per ounce to 1414 U.S. dollars, hit a new Year's record."　　And the country continues to severely control the property market, holding heavily invested Chinese investors will look from property to gold.　　Industry insiders estimate that nearly 500 billion yuan will be squeezed from the property market and put into the gold markets.　　According to CICC's FORECAST report, 2011 National commercial housing sales fell 10%, and according to the National Bureau of Statistics, 2010, the country's commercial housing sales of 5.25 trillion yuan, calculated, squeezed out the property market will reach 500 billion yuan. Zhou Ming, deputy general manager of ICBC's precious metals business, said ICBC sold nearly 5 tonnes of gold products in January this year, compared with 15 tonnes a year last year.　　From the end of 2010 to the beginning of 2011, only from the commercial bank and the Shanghai Gold Exchange of Guangzhou members of the data estimates, nearly two months of gold investment in the number of new open accounts in more than million people. However, the latest issue of the U.S. Financial Intelligence Monthly cover article "The Charm of gold: Risks and rewards" remind investors that the future of gold prices is full of suspense, not blindly chasing gold investment, because the price of gold is already at a high historical level, investors need to be based on their ability to withstand the risk of the size of rational decision. " (Legal Daily)