Will paper gold click with heavy metal fans?
ICBC, with its eye apparently on the mobs of mainland shoppers buying all the gold chains they can from Hong Kong jewellery shops, has launched yuan "paper gold".
What is paper gold? It is a piece of paper by which ICBC promises to pay you returns that track the price of gold. If you own the investment for a year and gold rises 20 per cent in that time, the bank is obliged to pay you that full return.
via Business feed http://www.scmp.com/business/money/article/1230930/will-paper-gold-click-heavy-metal-fans