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.Interesting. Very interesting.
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.
2009-09-03
Hong Kong Demands Delivery of Gold
Hong Kong recalls gold reserves, touts high-security vault
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