Gold Giveaway: Chinese Villagers Get Free Gold And Silver Bars In Changjian, Jiangsu, China
3,000 villagers hit a windfall last week after a locally-owned business in eastern China gave each resident 100-gram bars of gold and silver in honor of the company's 40th anniversary, the China Money Report writes.
The gold and silver giveaway was chosen by the Changjiang village residents who are the collective owners of Jiangsu Xinchangjiang Group, the electric, metals and chemicals company, explains Chinasmack.com.
Before the gold arrived, villagers received a secretive message and a safe--hinting that the bars were on the way. A couple of days later residents found themselves collecting their bountiful gold and silver bars.
The China Daily reports this is the second time the villagers have received gold and silver giveaways.
The village picked a good time to invest in gold. The current market rate is now priced around 400 yuan per gram ($63.50), notes Asia One. Moreover, the price of the commodity has risen more than fivefold in the last 10 years, outperforming almost every other investment available.