New South Korea Gold Exchange More Proof Of Strong Asian Demand For The Yellow Metal
By Neils Christensen of Kitco News
Tuesday July 23, 2013 12:35 PM
By Neils Christensen of Kitco News
Tuesday July 23, 2013 12:35 PM
QuoteDislikedWith so much demand for physical gold in Asia, analysts are not surprised that South Korea is trying to get in on the action.
QuoteDislikedOn Monday, South Korea’s Financial Services Commission said that in the first quarter of 2014, spot gold will be traded on the country’s markets like listed stocks.
According to media reports, the commission said the gold exchange is being created to combat “underground gold transactions.” The commission added that, people have been buying and selling black-market gold as a way to avoid the country’s value added taxes.
[indent][color=#000000]Howard Wen, analyst at HBSC...
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