this post was submitted on 25 Aug 2023
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Damn, that's interesting!

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To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers. (lemmy.nz)
submitted 1 year ago by throws_lemy@lemmy.nz to c/damnthatsinteresting@lemmy.ml
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Context :

https://www.theguardian.com/world/2023/jun/12/gold-bars-used-to-lure-chinese-homebuyers-amid-market-slowdown

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[–] Jackolantern@lemmy.world 7 points 1 year ago (2 children)

Would anyone know how much is that ingot in the market?

[–] dansity@lemmy.dbzer0.com 3 points 1 year ago (1 children)

Gold price is like stocks, goues up and down. Check price / kg here https://goldprice.org/

[–] Pseu@kbin.social 17 points 1 year ago

So 1kg is around 61,000 USD at the moment.