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Chinese investors have poured their savings into gold, attracted by promises of rising prices. One company’s sudden closure is a cautionary tale.
By Joy Dong and Daisuke Wakabayashi
Joy Dong reported from Hong Kong, and Daisuke Wakabayashi from Seoul.
As the price of gold soared, Julie Li thought her investment in the precious metal was the smartest decision she had ever made. Across China, many like her have poured their savings into gold, lured by companies promising hefty returns far into the future.
