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Turning Paper To Gold: Chinese Collectors Spark Postage Stamp Investment Boom

Collecting stamps (like gold) used to be banned in China. No longer -- and Chinese collectors and investors may be creating a postage-stamp bubble.

(Zeitfixierer)
(Zeitfixierer)

Fears over inflation have prompted more investors to stash their cash in tangible objects. Gold is an obvious choice, and prices of the precious metal have soared as a result. But gold isn't the only thing catching the eye of investors these days. Some wealthy people – particularly in China – are plunking down big bucks for far flimsier objects: postage stamps.

In China, collecting stamps was forbidden for a long time, as was buying gold. Not any more. Since the bans were lifted, more and more Chinese investors are buying both. For now, Chinese collectors are increasingly focused on Chinese stamps. "Demand is being met by Chinese dealers who buy up Chinese stamps in Europe and send them to China," says Gerd Bennewirtz, general manager of the brokerage firm SJB.

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A man walks on a tank left behind by Russian troops, on display in Kyiv’s Mykhailivska Square.

Lila Paulou, Lisa Berdet and Bertrand Hauger

👋 Hej!*

Welcome to Tuesday, which marks three months since the war in Ukraine started. Meanwhile, BoJo is in trouble again, and millionaires at Davos ask to be taxed more. Persian-language, London-based media Kayhan explores what the future of Lebanon could look like after the election defeat of Iran-backed Hezbollah.

[*Swedish]

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