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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (208598)	10/22/2024 11:54:20 PM
From: TobagoJack	Respond to of 217774

re <<*SITTING BRICS>> am told that Team BRICS+ sports more than G7 in terms of ... - population - natural resources (food, energy, minerals, etc) - manufacturing GDP - moral high-ground - morale - engineers - army - navy - airforce - rockets and actually working nukes - fighting inventory, capabilities, capacities, experiences - space everything - computer everything else - bio a lot of things - quantum for sure - education no doubt and less, in terms of migrants if so, big IF, then gold cheap, and silver absurdly undervalued In the meantime, a reminder, we are at "life saver" stage, and heading towards Financial Reset #1 and then Financial Reset #2** Message 21941081

To: bull_dozer who wrote (208598)	10/23/2024 4:51:02 AM
From: TobagoJack	Respond to of 217774

handing it, that being the proto-unobtainium, back over to you in good order finviz.com scmp.com Gold and other commodities markets can drive Hong Kong’s growth, finance chief says Updated: 4:20pm, 20 Oct 2024 Paul Chan notes city is strategically located between mainland China and India – two large consumer markets for gold The development of Hong Kong’s gold and commodities trade is expected to create “new growth momentum” for the economy, the finance chief has said, vowing authorities will focus on expanding the city’s storage capacity amid intense regional competition. Financial Secretary Paul Chan Mo-po also said on Sunday that gold trading had significant growth potential as global demand was projected to “remain high” amid heightened geopolitical tensions. He noted that gold was typically seen as a “safe-haven” investment during times of uncertainty. “Whether it is developing the international gold trading market or establishing a commodity trading ecosystem, it can inject new impetus into multiple industries and create new opportunities,” Chan wrote in his weekly blog. “As long as we choose the right development goals, plan a good development strategy and steadily advance towards our goals, we will surely release new growth momentum, accelerate Hong Kong’s economic upgrading … and make new and greater contributions to the development of the country.” Chief Executive John Lee Ka-chiu last week delivered his third annual policy address, which included plans to bring Hong Kong’s gold trading market to an international level to help bolster the city’s status as a global financial hub. Other proposals include the creation of a working group under the Financial Services and Treasury Bureau by the end of the year to strengthen the city’s gold trading mechanisms and regulatory frameworks, and promote the development of storage facilities. Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats Chan on Sunday said Hong Kong already ranked highly at a global level in terms of gold import and export volumes, which he attributed to the city’s “strategic location” between mainland China and India, with both being large consumer markets for the commodity. Trading of gold bullion of 0.99 fineness in the city grew at an annual compound rate of 18 per cent over the last 10 years, while year-over-year growth reached 20 per cent in the first quarter of 2024, he said. Chan also cited estimates from industry insiders that the current average daily trading volume was about US$100 million, which had the potential to double in the future. City leader Lee last week said that turning Hong Kong into a global gold trading hub would involve expanding its storage capacity amid intensifying regional competition. The airport already had a gold vault with a storage capacity of about 150 tonnes, he noted. In comparison, Singapore in August unveiled a new vault near its airport with a capacity of 500 tonnes. Chan said on Sunday that as Hong Kong consolidated its infrastructure for gold warehousing and trading, the city would need help to connect with mainland and international markets, as well as to develop more risk management tools. Authorities would also expand mortgage, borrowing and hedging options and other related derivative transactions, and gradually build a complete ecosystem, he said. Chan added that the city should consider expanding into other areas of commodity trading such as non-ferrous metals – a category that includes copper, aluminium and lead. The London Metal Exchange, a subsidiary of the Hong Kong stock exchange, revealed in June it was considering adding a warehouse in Hong Kong to supplement its global network and meet rising demand for metal exchanges between the mainland and the rest of the world. Commodity trading could promote the city’s role as an international finance centre and foster shipping and trade development across Hong Kong, Macau and Guangdong province, Chan said. “Setting up accredited warehouses in Hong Kong will provide the most convenient, more cost-effective and safer transshipment channels for users on the mainland and even Asia,” he said.

To: bull_dozer who wrote (208598)	10/23/2024 4:52:51 AM
From: TobagoJack	Respond to of 217774

Hong Kong gold scmp.com Hong Kong airport to boost gold vault capacity to 1,000 tonnes amid Singaporean competition Airport Authority says it is finalising expansion plan for precious metals depository, as site is ‘reaching full capacity’ due to growing demand Edith Lin Published: 10:12pm, 21 Oct 2024Updated: 10:54pm, 21 Oct 2024 Hong Kong’s Airport Authority plans to expand the capacity of its gold vault from 150 tonnes to 1,000 tonnes, in a bid to support the city’s ambitions of becoming a global trading hub for the precious metal amid fierce competition from Singapore. The authority on Monday said it was finalising the expansion plan for the Hong Kong airport’s precious metals depository as the site was already “reaching full capacity” due to fast-growing demand. In comparison, a newly built site near Singapore’s airport can store up to 500 tonnes of gold and 10,000 tonnes of silver. “With [the] initial increase of capacity to 200 tonnes at its existing facility, the vaulting capacity will be subsequently expanded by multiple times up to 1,000 tonnes, with room for further development,” the authority said. The authority has operated the depository since 2009, providing secure storage and physical settlement services to central banks, commodity exchanges, bullion banks, precious metal refineries and the issuers of exchange-traded funds. Hong Kong has a history of gold trading dating back more than 100 years, but the industry has lost its shine in recent decades due to a slowdown in trading. Singapore, on the contrary, upped its game in August when private metals company Silver Bullion set up a six-storey vault occupying 16,700 square metres (180,000 sq ft) near Changi Airport. Discussing its own expansion plans, Hong Kong’s Airport Authority said it would work closely with the government and market stakeholders to ensure the new facility was used for the “best interest of the economy”. The Airport Authority will expand its precious metal vault to meet growing investor demand. Photo: Elson Li Vivian Cheung Kar-fay, the authority’s acting chief executive officer, said there had been significant growth in demand among investors in terms of gold storage, trading and delivery in Hong Kong over the past few years. She expressed confidence that the authority’s depository would be an “ideal facility” for global investors. Chief Executive John Lee Ka-chiu last week delivered his third annual policy blueprint, which included plans to promote the development of storage facilities and bring Hong Kong’s gold trading market to an international level to help bolster the city’s status as a global financial hub. Financial Secretary Paul Chan Mo-po on Sunday said the move showed Hong Kong had chosen “the right development goal, planned a good development strategy and steadily advanced towards our goals”. He added that he expected it would fuel “new growth momentum”, accelerate Hong Kong’s economic upgrading and ultimately make new and greater contributions to the wider nation’s development. The city already ranked highly at a global level in terms of gold import and export volumes, he said, which he attributed to the city’s “strategic location” between mainland China and India, with both being large consumer markets for the commodity. The minister also said the city should consider expanding into other areas of commodity trading such as non-ferrous metals – a category that includes copper, aluminium and lead.