The blog below indicates how he thinks Chinese people are crazy about buying gold on the Nation Day. That’s very interesting.

On the National Day, a huge number of people went to Hong Kong to spend their holiday. Meantime, because everything in Hong Kong is duty-free, people enjoyed shopping there. It is said that these days the most crowded place was not shopping mall but the gold stores. People rushed into the store and paid for the gold bars and gold coins without any thoughts and hesitations.

In fact, the price of gold still continues going down this month despite the United States government entered a shutdown on the October 1st. It was anticipated to go up because the United States government is now facing many big problems.

Using the microeconomics concepts, we know that price can affect quantity demanded. It turns out that the price of gold continues going down so that the quantity demanded by people greatly increased. Gold is a good example of price and demand.This is why people are crazy about “robbing ” gold.

Recourse：http://blog.sina.com.cn/s/blog_4df087300101bhex.html