Dealers see opportunity for Hong Kong in European gold shift

With Germany and other European countries planning to repatriate their gold reserves from the United States, dealers believe this might open up business opportunities for the gold depository at the Hong Kong airport.

Dealers in Hong Kong said the European action showed mainland China might also need to consider whether it was a good idea to shift back its gold stored in the US and other countries.

The Hong Kong Monetary Authority brought all its gold home in 2009 and stored it at the airport depository when the facility came on stream.

via Business feed http://www.scmp.com/business/commodities/article/1137373/dealers-see-opportunity-hong-kong-european-gold-shift