Africans have not figured out why their "big gold chain" is so cheap, but Chinese do not rush to buy
preface
Worldwide, Africa has as many as half of its gold reserves. Especially in South Africa, it is the world's first reserve. Gold is known to everyone and can be worn and placed for equal appreciation. Although the price of gold has been unstable, in the midst of fluctuations, it still shows an upward trend. Many retired aunts like to buy gold, especially when traveling abroad, they will buy some cheaper gold to return home.
However, Chinese travel, few people go to South Africa to buy gold and come back. This incident makes Africans very confused, why do they have the most gold, and gold jewelry is very cheap, but it can't attract Chinese tourists to buy it? Is there another reason why Chinese tourists don't like African styles?
Is the price of gold in Africa really low?
The idea of many tourists is that Africa is rich in gold resources, so the price of gold should be much cheaper. But in fact, the local gold price is not cheap, most of the gold in Africa is in the hands of some big families. These families control a large amount of gold resources, and in order to obtain higher profits, they will unify the price of gold and the global price.
So, even if Africa is the place with the most gold mines, their local gold will not be very cheap. The most important point is that a lot of African gold, on the way to buy, but also a part of the customs tax, the combined cost may be more expensive than the domestic.
Some people will find that Africans, even if they are very poor, will bring a lot of gold jewelry. So how did they buy the gold jewelry?
The level of manufacturing in Africa is not as good as in China, so some jewelry in Africa is of very poor quality. And the poor people in Africa that you see can also wear a lot of gold jewelry, in fact, these gold jewelry are defective. The gold content inside is very low, and the price is also very cheap on sale. But because of the rough workmanship and low gold content, few Chinese tourists will buy it home.
Why don't Chinese tourists buy African gold?
First: Security in Africa cannot be guaranteed. Every year to Africa to travel to the people is relatively small, in the quality of life step by step to improve today, everyone is willing to go to europe and the United States some of the safer countries to travel. And the security of Africa, we all know that it is not very good, and when traveling to Africa, if you buy a lot of gold, once you are targeted by bad people, it is likely to have a security risk.
Second: African gold has low purity and little room for appreciation. In China, a lot of gold jewelry is 24K. And in Africa, most are at 18K. The purity of these two kinds is very different, once you buy a purity of 18K home, it is difficult to wait for appreciation later. If it is taken to dissolve and made into small golden beans, it will wear out more, and perhaps it will affect the price of gold again because of impurities.
Third: The level of craftsmanship in Africa is worrying. The industrial level in Africa is very low, and some gold mines are carrying radioactive materials, if not cleaned up, when made into gold jewelry, there will be radioactive materials, affecting the health of the body. For their own health, few Chinese tourists go to buy some cheap gold in Africa.
South Africa has the world's largest gold mine
Gold mines are scattered across Africa, with South Africa having one of the world's largest gold mines. This gold mine has 52% of the world's reserves. The gold mine began mining in 1866 and has not stopped mining to this day. According to relevant data, the gold mine has mined 35,000 tons of gold so far, but according to some local material science experts, there are at least 18,000 tons of gold in the gold mine.
South Africa relied on this gold mine to bring great wealth. However, this wealth is mainly in the hands of some wealthy families in the local area, and for some poor families in the surrounding areas, they can only enjoy a little benefit. That is, you can go to work in a gold mine and get a small salary.
However, for now, the local government does not want the gold mine to be mined in a short period of time, resulting in the gold mine being mined one after another. It will be very difficult for the people of South Africa to make their fortunes from this gold mine.
Africa's environment is complex and not governed by governments, with a leader in every state. The chaotic environment has led to a decrease in the number of tourists visiting Africa. And Chinese tourists will also take this factor into account, do not dare to buy too much gold to carry, by the criminals to target, even if the local government, can not keep the safety of tourists.
epilogue
Not only that, the price of gold in Africa is not low, and when buying, Chinese tourists also have to pay a part of the customs duties. With high prices, poor workmanship and low purity, few Chinese tourists will buy African gold under these disadvantages. Moreover, most of the African jewelry is a "big gold chain", in the eyes of Chinese tourists, such jewelry, too tacky, wearing will be uncomfortable.
