Chinese rush to buy gold

China is now the world’s largest producer and consumer of gold. Chinese real estate speculators are quietly dumping property and buying the precious metal.

This special report from Sky News looks at gold in China. Housing speculators from Wenzhou City in southeastern China are switching their money from property into gold following government restrictions on the real estate market.

ArabianMoney recalls the Wenzhou realtors visit to Dubai last year in search of property bargains. These guys are hot on the trail of investment value.