Board-Ansicht
Mix-Ansicht- Während in London die Bullion - Häuser dicht machten oder Daumen drehen,..... - Emerald, 03.12.2003, 20:25
Während in London die Bullion - Häuser dicht machten oder Daumen drehen,.....
-->
......... geht bei den Chinesen in Hong-Kong und Shanghai die Post ab und
werden die Barren gebiegen und gewogen.
Li Ka-shing sets up new gold trading business
By Justine Lau in Hong Kong
FT.com site; Dec 03, 2003
Li Ka-shing, Hong Kong's richest businessman, has set up a gold trading company called LOCO HK to take advantage of the boom in precious metals.
The company is wholly-owned by Mr Li privately and is based in Hong Kong, one of the biggest bullion markets in Asia.
Mr Li, who made his first fortune by making plastic flowers, is famous for his knack of spotting investment opportunities early. The tycoon, through his numerous companies including Hutchison and Cheung Kong, now has presence in ports, telecommunication, property, retail, media, biotechnology, energy and other sectors.
While LOCO HK is the latest addition to the Li empire, the billionaire has been active in Hong Kong’s gold market for some time. Three years ago, he and his flagship conglomerate, Cheung Kong, jointly bought RNA, a local gold retailer and wholesaler. Mr Li personally owns 26 per cent of RNA, which has a real time electronic trading platform for precious metals.
LOCO HK has appointed RNA to be its advisor and will pay 30 per cent of its profit to RNA as fee.
The establishment of LOCO HK seems timely.
Bullion has risen from a low of $256 an ounce in 2001 to a seven-year high of over $400 this week, as a result of low interest rates, a weak dollar and global political uncertainties.
Daily trading volume in the Hong Kong’s gold and silver exchange has grown by about 30 per cent to around four tons in 2003 compared to the previous year, according to Herbert Tsang, a manager at local rival Chinese Gold & Silver Exchange Society, one of the world's first gold trading exchanges established in 1910.
"To create a gold trading company in Hong Kong is like opening a supermarket. Everyone can do it. But the question is whether people want to trade with a private company, or a more independent and long-established exchange," Mr Tsang said.
Diese Tatsache müssten die westlichen Notenbanker längstens hellhörig machen,
aber diese und ihre Hintermänner schlafen oder sind gar auf einem Trip. Anders
kann ich mir nicht erklären, wie diese Helfershelfer der US-Treasury die
dem Volke gehörenden ASSETS auf Vieljahres-Tiefstkursen in den Abgrund kippten
im Eintausch mit bald einmal wertlosen Dollars, genannt Treasuries.
Eliott Spitzer wird für uns in fünf Jahren staatsanwaltschaftlich feststellen
lassen, dass wir lauter Kriminelle an den Schalthebeln des Volksvermögens
wussten. Diese erfreuen sich dannzumal mit maximaler Rente im wohlverdienten
Ruhestand?
Emerald.
Thread gesperrtgesamter Thread:
