Recently in China, something unprecedented in the country's history has occurred. The country's largest investment fund, where regular citizens usually put their money, is now a gold fund.
In the US, most people invest in an index fund called the S&P 500. China had an identical option, which was where people entrusted their savings. Yet recently, a gold fund has surpassed that option. $13 billion is now in gold, compared to $12 billion in stocks. This means in the world's second-largest economy, the biggest portion of retail investors' money is now sitting in gold.