Alt Investments
Bullion Group Meets Strong Gold Demand With New Hong Kong Office
Bullion Management Group, which is headquartered in
Canada, is looking to meet the increasing demand for gold
with the launch of a new office in Hong Kong.
The company keeps its physical bullion assets in ScotiaMocatta, a
division of the Bank of Nova Scotia in Toronto. Bullion
Management gold products, including BMG BullionFund, Gold
BullionFund, and BMG BullionBars are designed to provide
inflation protection, portfolio diversification, and wealth
preservation.
The Hong Kong office will be headed by
Nelson Leung, who used to work for the likes of Franklin
Templeton Investments and State Street.
"Both mid-term and long-term trends are in place that indicate
gold, silver, and platinum will continue rising through 2011 and
beyond," Leung said in a statement. "Our CEO Nick Barisheff
predicts gold could rise to between $1700 and $2000 per ounce in
2011."
In 2010, China alone imported a total of 209.7 metric tonnes of
gold, representing a 500 per cent rise from the previous year.
This, however, is only a fraction of what the country had
expected to import: 6000 metric tonnes.
