2009-09-03

Hong Kong Demands Delivery of Gold

Hong Kong recalls gold reserves, touts high-security vault
Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city's airport, in a move that won praise from local traders Thursday.

The facility, industry professionals said, would support Hong Kong's emergence as a Swiss-style trading hub for bullion and would lessen London's status as a key settlement-and-storage center.
Interesting. Very interesting.

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