Gold beans all the rage with China’s Gen Z as deflation bites

From mining.com

With China’s deflation at its worst in 15 years, a volatile stock market and bank interest rates too low for her liking, 18-year-old Tina Hong is placing her financial security in gold beans. Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty. It’s part of a larger consumer trend for all things gold — from bullion to beans and bracelets — that has gripped the mainland. “It’s basically impossible to lose money from buying gold,” reasoned Hong, a college freshman studying ... (full story)