possible reason for chinese in top 20

Hello Hxs02, Yin, and all Readers,


Quote from www. Kitco .com shows Chinese like Real Gold and perhaps this is why some Chinese have taken up Shareholdings in BTV which would be the Cheapest Gold Share on the A.S.X.:-

/Chinese investors favour gold, but fear futures

Reuters Monday January 7 2008
By Alfred Cang and Lucy Hornby
SHANGHAI/BEIJING, Jan 7 (Reuters) - In the world of Chinese finance, gold is everywhere.
The roaring stock market has behaved like a "golden bull", successful asset managers are praised for their "golden fingers", and babies born in the current "Year of the Golden Pig" are believed to enjoy lifelong luck and prosperity.
With world gold prices rocketing more than 30 percent in 2007 to hit an all-time high last week, and a new futures contract due to be launched in Shanghai on Jan. 9, you might think Chinese investors would now look to gild their portfolios a bit.
Think again.
Gold may be the ultimate safe-haven investment in the global marketplace, but for many Chinese traders whose enthusiasm propelled stock markets and property prices to wild highs last year, gold futures are too hot to handle.
"I will not play the gold futures. Gold is good, elders love it, but futures is another story. I do not want to lose all my money all at once," said Lao Wang, 52, a Shanghainese who has been dabbling in the stock market for 14 years.
"I was considering shifting some investments to gold, but not for futures. Futures is a kind of gambling," he said from his terminal in a stock trading room in Lujiazui, Shanghai's financial hub.
The Shanghai Futures Exchange has spent months laying the groundwork for its new contract, hoping to capture some of the booming gold trade being done by the Tokyo Commodities Exchange or the New York Mercantile Exchange's COMEX./ End Quote

No responsibility taken for any losses in association with this Posting.

Regards,

moly