Gold is a traditional gift during Lunar New Year celebrations.
(1888PressRelease) January 06, 2012 - MIAMI, FL - Physical demand for gold from Asia got off to a slow start in 2012 but is expected to pick up speed as we approach the Lunar New Year celebrations, which begin January 23. The one-week long celebration is a major holiday in Asia with families travelling to celebrate together. Gifts of gold coins and jewelry are traditional. Given that many Asian economies, while still strong, are less buoyant than last year, spending may be reduced; nevertheless, a marked increase in the importation of gold bullion can be anticipated ahead of the holiday.
"Gifts of gold coins, jewelry and ornaments are traditional for the Lunar New Year celebrations," says Bill Hionas of Pan American Metals of Miami. "Demand may be slightly lower than last year due to decreased liquidity but we should still experience a marked surge in physical demand for gold bullion in advance of the holiday."
Celebrations welcoming the year of the dragon will start on January 23 and last for at least a week, often two. Traditionally, gifts of money are made to children and younger family members; these gifts are presented in red envelopes. Both red and gold signify good luck in many Asian countries. The number eight is considered particularly lucky, symbolizing wealth, so envelopes may contain eight coins. Families clean their homes thoroughly before the New Year and gather to celebrate. Lunar New Year parades are held in Asian communities around the globe.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Gold is a traditional gift during Lunar New Year celebrations. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam