– Hong Kong Completing 1,000 Ton Gold Vault (ZeroHedge, July 26, 2012):
In Hong Kong they are completing work on its largest gold vault due to open in September which can hold 22% of the gold that is in the US facility Fort Knox.
The new secure storage facility will compete with services set up by the Airport Authority Hong Kong in 2009 that serviced governments, commodity exchanges, bullion banks, refiners, wealthy individuals and exchange-traded funds.
The new facility is within the international airport compound and its capacity is 1,000 metric tons.
This signals the growing interest from China currently the world’s second largest consumer of gold in owning physical gold bullion.