The latest installment of our Shareholder Report has just been released and this issue is filled with interesting facts and observations about global markets our investment team gathered as we traveled the world searching for opportunities. As you can see from the cover image, gold’s growing appeal to a rising middle class of citizens in China and Asia is significantly reshaping the gold market as we know it.
The region has long carried an emotional attachment to gold. In fact, gold was one of China’s earliest forms of currency way back in 1091 B.C. With rising average incomes and wealth levels leading a new of age of prosperity in China, citizens are snatching up gold at an unbelievable rate. According to the Beijing Municipal Commission of Commerce, sales of precious metals jumped nearly 50 percent from the same time last year during China’s week-long New Year’s holiday in January.
This type of momentum is a catalyst for gold prices to remain strong in 2012.
This is one aspect of the American Dream Trade I discuss in my letter for the Report. There’s also an informative Q&A with China analyst Xian Liang who talks about the dramatic transformation his hometown of Shanghai has undergone over the past 20 years.
Check out the Shareholder Report page to view the full contents of the report. If you would like to request your own copy, send your name and address to editor@usfunds.com.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
