Capital Gold Group Sponsors - 'Financial Advisors in Asia'
Posted on: Sunday, 30 March 2008, 21:00 CDT
LOS ANGELES, March 30 /PRNewswire/ -- Capital Gold Group sponsored the "Financial Advisors Annual Conference" in the Malaysia capital of Kuala Lumpur, Registered Financial Advisors from China, Hong Kong, Thailand, India, Taiwan, Singapore and Indonesia attended the event. Physical gold as a "safe-haven" in the current world economic crisis is very popular in Asia, as the Chinese government has opened the Shanghai Gold Exchange and eased laws restricted gold ownership. According to the World Gold Council, China has overtaken the country of S. Africa as the world's largest Gold producer. India holds the record as the largest "consumer" user of Gold.
The Capital Gold Group is initiating opportunities in China to co-venture with existing gold producers and distributors to bring "Asia Gold" to the general investor. The "Asia Gold Tour" is an alliance with agents from countries throughout Asia to bring investor grade gold into emerging economies.
For advisors, The Capital Gold Group in association with HSBC (The Hong Kong and Shanghai Banking Corporation) is currently negotiating a special "Financial Advisors Gold" program for physical gold storage and delivery in Asia. The Hong Kong and Shanghai Banking Corporation Limited was established in 1865 to finance the growing trade between China and Europe and is one the largest banks in the world.
With Gold Prices reaching new historical highs, investors are flocking to gold as a safe-haven amid inflation fears and global uncertainty, including the worldwide sub-prime mortgage crisis. Investors in China and other Asian countries are diversifying with physical gold investments as a hedge against the inflationary pressures on the booming Chinese economy.
In China, the Shanghai Gold Exchange and the Shanghai Futures Exchange are reporting new record volumes of gold investment activity amid rising gold prices worldwide. Jonathan Rose, CEO of Capital Gold Group, is a recognized speaker for worldwide gold markets, including Hong Kong, Singapore, China, Europe and the USA.
Capital Gold Group
CONTACT: Brenda Whitman, 1-800-510-9594, for Capital Gold Group
Web site: http://www.iragold.com/http://www.safeasgold.com/http://www.thecapitalgoldgroup.com/
Source: PRNewswire
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