Move over, there’s a new kind of shopper in town! On April 15, the price of gold dropped by a whopping 20 percent, which prompted a worldwide shopping frenzy for the highly coveted bling.

But what the financial predators on Wall Street could not predict, was that the most potent force of shoppers were not businessmen or investment experts, but Chinese housewives! In just ten short days, China’s mamas managed to purchase 300 tons of gold worth 100 billion RMB.

The ten-day gold sweep ignited a battle between the investment-savvy Chinese housewives and the money-hungry Wall Street moguls, who both competed with each other for a slice of the cake. Needless to say, the figures that have since come out show that Chinese housewives were the biggest investors and are now globally recognized as a force not be reckoned with.

See also: Woman Orders Tripod Stand; 600k RMB Worth of Gold Jewelry Delivered Instead

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Keywords: Chinese housewives