Uncategorized | How to Become A Gold Buyer

By: Gold Buyer Secrets  09-12-2011
Keywords: Gold

Today, Hong Kong’s Chinese Gold & Silver Exchange Society, a century-old bullion hourse, started trading gold quoted in yuan, boosting the city’s status as an offshore hub for the currency.

The contract may generate as much as HK$6 billion ($770 million) in trades a day, exchange President Haywood Cheung said in an Oct. 14 interview. Daily bullion trading volume at the society, which has 171 active members, has jumped to HK$136 billion this year from last year’s HK$31 billion on appetite for gold as a haven from stock declines, he said.

“There’s triple demand for this yuan product,” said Cheung on Oct. 14. “Investors can enjoy the bull market in gold, the yuan’s appreciation and hedge gold denominated in other…

The information in this article was current at 06 Dec 2011

Keywords: Gold

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