Volatility, claims Xu Xudong, is the key to making money in the gold business. And for this wholesaler, the past year has been an embarrassment of riches.
“It takes volatility to heat the market up, otherwise it’s just flat,” he said, sipping tea in the Shuibei gold wholesale district of Shenzhen in southern China.
The future, he added, was bright, at least for the remaining three years of US President Donald Trump’s term. “I think we need him to stay in office.”
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