China’s Agricultural Bank Starts New Gold Mutual Fund in China in Effort to Bring Gold to the People.

Today, China’s Agricultural Bank of China (ABC),one of the top 4 banks in China announced the start of their new Gold Mutual Fund for small investors. Small investors can purchase Gold in amounts as small as 1 gram per purchase. ABC banks press release stated that more and more investors have started to invest in gold and the price appreciation has put gold purchases above the capability of small investors. Therefore, ABC Bank is launching its “Gold Savings Project” which they believe will be very suitable for small investors. Investors can have set amounts from their cash savings directly deposited into the gold mutual fund. As their amount of gold holdings increase over time they can keep these savings in paper gold on deposit or withdraw gold bars. All investors no matter what their purchasing power should have access to Gold savings stated the manager from ABC.

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