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China ‘genius’ girl, 10, began buying gold 3 years ago to avoid parents spending her lucky money

A 10-year-old girl from northern China began buying gold with her Lunar New Year lucky money three years ago, fearing her parents would spend it. She has since been hailed as a “genius” due to the skyrocketing prices of gold. The girl, hailing from Langfang in Hebei province, has been using the red packets – known as lai see in Cantonese or hong bao in Mandarin – that she receives during Lunar New Year to buy gold for three consecutive years. It is traditional in China for adults to gift...