"Chinese aunt" has become a proper term for a group of purchasing aunts, and all kinds of products, including gold, have been snapped up everywhere. But there is a big gold market on the African continent, and aunts are not interested in gold when they travel to Africa. Africans are puzzled by this. Why is their big gold chain so cheap that no one has snapped it up?
Africa's unique and unique mineral resources.
Gold has occupied an unshakable position in the market since its appearance. Gold can be used not only as ornaments, but also as currency to preserve and increase value. Many countries even have gold reserves to protect their countries and resist risks, which shows the high status of gold. In the popular view, Africa has always been a poverty-stricken area with very underdeveloped social economy, but in fact, it is rich in mineral resources.
Unless specifically mentioned, it is hard to believe that there are many great gold mines with high value in Africa. There are so many mineral resources in Africa that people often say "go to South Africa to dig diamonds". In fact, there is a little-known saying "arachis duranensis in Africa". In Africa, many rich people get rich by dumping diamonds, gold and other mineral resources, just like there are many coal bosses in Shanxi.
South Africa has the largest gold mine in the world-Rand Gold Mine. Since the discovery of 1866, this mine has been mined intermittently for more than 30 years, and the gold mined is as high as 35,000 tons. Moreover, according to experts' estimation, at present the mine contains at least 18000 tons of gold, which means that the mine contains 53000 tons of gold.
What does this number mean? That is, Rand alone accounts for half of the world's total gold reserves, which shows how rich South Africa's mineral resources are. Of course, gold mining has also brought certain economic benefits to Africa, and even promoted social and economic development. It can be said that Africa once had a very glorious period because of gold.
However, the government failed to make good use of this "God-given rice bowl". With the emergence of problems such as policy, labor force and mining cost, the local gold mining industry is gradually shrinking. This kind of scene in Africa today is something that no one wants to see.
If we make good use of the treasure of "gold mine", gradually promote the diversified development of gold mine trade and promote the progress of surrounding areas, I believe this situation will not occur. But at this point, if we can't properly solve the problems in policy, labor and industrial manufacturing, the gold mining industry in Africa will be restricted forever.
Is the big gold chain really cheap in the African market?
Many people will take it for granted that the price of gold in Africa will be extremely cheap after hearing that Africa is so rich in gold reserves. If you go to the local place to do purchasing, buy a bunch of gold products and then come back to sell them, there will be high returns, even if you keep them, it is also a good choice. However, this may not be the case.
In fact, the polarization between the rich and the poor in Africa is very serious, and gold mines are only in the hands of a few rich people, forming a monopoly market. If others want to participate in the gold industry, they can only go for gold, or turn broken money into gold jewelry. Because the market is monopolized, the price of gold in Africa will not be too low.
However, if you really buy gold in Africa, you can participate in the tax rebate, and the price after the tax rebate will be relatively cheaper. There are many jewelry stores in Africa, but they are all monopolized and agree to sell them at the international gold price. Therefore, the gold price in Africa is basically the same as that in China, and the difference is only the profit of tax rebate.
More importantly, because South Africa's industrial manufacturing level is not as good as China's, the quality and workmanship of jewelry here are not very good, and it may not be as exquisite as domestic gold products. So generally speaking, the only advantage of buying gold products in South Africa is that the price can be lower after tax refund, but it is also necessary to accept the poor workmanship of jewelry. Therefore, if you really want to buy gold jewelry in South Africa, you must consider it carefully and decide according to your actual situation.
Why don't Chinese aunts go to Africa to snap up gold crazily?
The name "Chinese aunt" is very popular on the Internet recently. At that time, Chinese aunts snapped up gold crazily, which once caused the international gold price to fluctuate. The famous media "Wall Street Journal" also reported this incident, so the name of "Chinese aunt" spread all over the world. Many Africans are curious, why didn't Chinese aunts buy gold crazily when they came to Africa?
In fact, in recent years, with the continuous development of social economy, the living standards of aunts have gradually improved, and transnational travel has gradually been put on the agenda. After traveling abroad, "Chinese aunt" shopped around and even snapped up toilet seats in Japan. However, these events are limited to some developed countries, while in Africa, due to natural conditions and social security problems, "Chinese aunts" are discouraged. They won't travel to South Africa at all, not to mention purchasing after the trip.
Another important reason is aesthetic differences. Due to regional differences, South African jewelry workmanship and aesthetics may have some conflicts with China's traditional aesthetic concepts. South African cultural traditions lead them to prefer to keep the original appearance of gold ornaments, and the original is the most beautiful, but this is contrary to the tradition of meticulous carving in China.
Therefore, even if the aunts come to Africa, it is difficult to choose their favorite jewelry styles, so even if the "big gold chain" in Africa is cheaper, it will not be snapped up. Another reason is the purity of gold. Limited by the manufacturing level of the gold industry, South Africa's gold purity is generally 18k, while China prefers 24k pure gold jewelry.
If you really go to South Africa to buy gold jewelry, you must keep your eyes open and choose your favorite variety. In addition, due to the low processing technology, not only the purity of gold is low, but also some toxic and radioactive impurities are likely to be mixed, which is harmful to the health.
From the above analysis, we can know that Africa is rich in gold mineral resources, but due to geographical restrictions, these gold are monopolized and have no price advantage. In addition, there are still big loopholes in gold purity, jewelry patterns and techniques, so it is not loved by Chinese aunts. If you really go to South Africa to buy gold, the first thing to ensure is your health and safety.