The American Empire in a Changing World


Tuesday, June 26, 2012

''In a challenge to London, Asian states invited to store bullion closer to home''

From Infinite Unknown

''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.''

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