Monday, May 30, 2011

There is no gold in Chinese Markets

There is no gold in Chinese Markets



Experts denied the existence of gold and gold-called Bachini, imported from China and sold in the markets of Saudi Arabia .. Prices cheaper than world prices, but what is imported from China for accessories made from copper, silver, zinc plated with gold purchased by consumers to replace a substitute for gold and oil prices reached record levels in recent period.There is no gold in the Chinese market accessories counterfeit trade thrives in popular markets (today)
The Sheikh of the chapel in the Eastern Province Hussein Al-Wahab, there is no so-called gold the Chinese in the Saudi market, but there are models of multi-are imported from Singapore, Bahrain, Oman and Jeddah and other countries that manufacture gold, and what is being imported from China is an accessories gold plated on the grounds that resolved substitute for gold, especially after the recent rises in global markets, prices crews of these accessories varies from one type to another where some can fetch up to SR 1000 so find consumers prefer to buy instead of the kit went may fetch up to 25 thousand riyals, pointing out that these accessories mirror image origin of gold, and stores that sell them do not have a commercial registration, but hold a license from the municipalities only.As for the allegations of which confirm that the prices of gold cheapest world said: "The gold prices are universal, there is a difference in the price of gold ore in the world, but the difference in prices would be in the jewelry and diamonds as they sold a freelancer and not in weight, is known to account for quantities of precious stones with diamonds and other of precious stones are sold piece at random, for example throat Spanish, which is sold piece 18 carat do not come to the weight of the object (2 of 10) cost is can get because the machine manufacturer has expensive and found only in Spain, in previous years there was a gold traders, local deal with Malaysia and other States in the trade of diamonds and jewelry.One expert said gold humans Diab: There are many industries where there are jewelry industries are in Singapore, Taiwan, Korea, Malaysia, China and industry, there is no difference between them and the regular jewelry, but the difference in models and drafting only.He stressed that the global gold price can not be controlled, but the Chinese gold jewelry sold piece and not by weight (gram) are valued, for example, $ 500 shall be the seller taking the Chinese reserves on weight if the piece weighs 10 grams .. The price of gold at the World Alpha Real find for example if the price came down $ 600 or rose gold, the seller has coverage.And the fact that Last Gold Chinese markets Kingdom explained humans Diab said there are some gold traders imported gold from China, but there is no gold markets in Arabia called gold the Chinese Valmtaref him that there are models of the problem is imported from Dubai, Malaysia and Turkey, there are manufactured in China, but in Saudi Arabia does not have gone so-called Chinese gold, but it is possible to have models made in China and the merchant does not sell them as imported from China, but jewelry is imported from abroad.

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