In China, the year of the dragon represents prosperity and optimism.
(1888PressRelease) January 25, 2012 - MIAMI, FL - Whereas 2011, the year of the rabbit, signified instability, 2012, the year of the dragon signifies prosperity, optimism and powerful changes, making it potentially an excellent year for gold sales to China. While the western world may regard this as mere superstition, Chinese people take their beliefs very seriously. Ross Norman, reporting for Mineweb, points out that the year has already got off to a flying start with a bounce in the gold markets, a pattern that was also seen in 1988, another year of the dragon. Since China is the world's second largest importer of gold, this is likely to impact the gold market significantly.
China's burgeoning middle class has been investing its disposable income in gold for some time now, buying gold bars and coins as well as jewelry and ornaments. The Chinese tend to be long-term investors, buying gold to keep, not to speculate or trade. They see gold as synonymous with wealth and tend to be savers rather than spenders. The year of the dragon is therefore likely to be an auspicious year for gold
"Traditionally, the 'dragon' years signify prosperity and positive change," says Bill Hionas of Pan American Metals of Miami. "Certainly, this could be very supportive of gold prices since China is one of the world's largest net buyers of gold, both by its central bank and by individuals. The Chinese people do not generally buy gold to trade, but rather to keep for the long term."
Pan American Metals of Miami trades in precious metals bullion, gold, silver, platinum and palladium.
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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
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Pan American Metals of Miami, LLC
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Website: http://www.panamericanmetalsofmiami.com
In China, the year of the dragon represents prosperity and optimism. 
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