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Reuters: China allows 3 more banks, including Standard Chartered, to import gold
By A. Ananthalakshmi and Fayen Wong
Reuters
Tuesday, August 19, 2014
China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power of the metal.
The move, which brings the number of firms allowed to import gold into China to 15, comes ahead of the launch in September of a new international bullion exchange in Shanghai with which China hopes to become a price-discovery centre. ...
... For the remainder of the report:
http://uk.reuters.com/article/2014/08/19/uk-gold-china-imports-idUKKBN0G...
Own Allocated And -- Most Importantly -- Segregated Bullion
If you do not own segregated physical coins and bars that you can take delivery of, you do not own bullion. International diversification remains key, and Hong Kong, Singapore, and of course Zurich remain the safest locations for owning and storing segregated bullion.
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