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Published on Gold Anti-Trust Action Committee (http://gata.org)

Hong Kong launches new micro-gold trading platform GoldZip

By cpowell
Created 2019-02-08 17:17

By Enoch Yu
South China Morning Post, Hong Kong
Friday, February 8, 2019

Hong Kong's local gold exchange will introduce in March a new trading platform called GoldZip which will allow investors to trade in units as small as a single gram for HK$300 (US$38), in an effort to raise the appeal of the yellow metal among younger retail investors.

Chinese Gold and Silver Exchange Society president Haywood Cheung Tak-hay told the Post that GoldZip will adopt blockchain technology to enable trading in amounts smaller than 1 tael, the current minimum trade on the exchange.

... Dispatch continues below ...


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The platform will accept Hong Kong dollars, US dollars and yuan. ...

The platform will enable investors to place their trades online or over the phone through a gold broker who is a member of the Chinese Gold and Silver Exchange Society. Each trade will entail a commission of 0.01 percent of the value of the order.

Investors can store their physical gold at the exchange or take physical possession for off-site safekeeping. ...

... For the remainder of the report:

https://www.scmp.com/business/commodities/article/2185299/what-do-lai-se... [2]

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Source URL:
http://gata.org/node/18841