HXPM Gold Attends the Asian Financial Forum 2011
HONG KONG, Jan. 26, 2011 /PRNewswire-Asia/ — A global financial conference -The fourth Asian Financial Forum (AFF) ended last Tuesday in Hong Kong Convention and Exhibition Centre (HKCEC). As one of the most famous gold brokers, HXPM Gold was invited to the forum.
Jointly organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council, AFF was held on Jan.17 and Jan.18, 2011. The two-day event gathered many of the world’s most influential leaders in business, finance and government, sharing their opinions on major issues, challenges and opportunities in the Asian region. Participants included Donald Tsang Yam-Kuen (Chief Executive of HK), John Tsang Chun-wah (Financial Secretary of HK), William Hague (the British Foreign Secretary and First Secretary of State), Professor Robert Mundell (the recipient of the Nobel Memorial Prize in Economics in 1999), Mr. Ong Chong Tee (Deputy Managing Director of Monetary Authority of Singapore), and Financial Officers from China, Japan, Korea, Singapore and Australia.
The AFF 2011 topic is “Asia: Reshaping the Global Agenda.” Professor K C Chan, the Secretary for Financial Services and the Treasury, delivered a speech on “Challenges to Asia in a Global Environment of Low Interest Rates and Excess Liquidity,” which concerned all participants.
After the forum HXPM Gold representative commented on gold industry during the Coffee Break. “Due to the 2008 financial crisis, The United States and European zone has suffered tough economy. On contrast, gold ticks high on history, on the back of surging demand in BRICs, especially in India and China. Gold is the most popular investment. Investors generally buy gold as a hedge or safe haven against any economic, political, social, or currency crises including investment market declines, burgeoning national, debt, currency failure, inflation, war and social unrest.”
“Worries about inflation in China, the world’s second-largest gold consumer after India, drove investors to gold, while purchases from jewelers also increased. Gold imports in India are likely to 550 tons in 2011, driven by investment purchases that are likely to affect world prices. I think physical buying actually provides good support. It’s more on the upside.”
He also mentioned “another reason is the persistent of European debt crisis. China and Japan already show of support to buy the bonds, nobody wants the crisis to deteriorate further in Europe and affect recovery of the world economy. It’s just a matter of time for the debt crisis over. Before the problem solved gold will maintain in higher.”
Since the price of gold reach high, lead to the online spot gold trading has become more popular than ever. Online spot gold trading is easier and more flexible than stock and other derivative products. What’s more, online gold trading is leverage trading or margin trading. If you trade spot gold on a leverage of 100:1, for every $100 you have in your account you have $10,000 in buying and selling power for spot-gold trading.
The representative also point out “as an investment tool, gold will never fade away its spark because of its high liquidity. We really optimize in gold investment in the future. When the world economy recovers with high inflation, the bullion will ticks higher again. Currently, the gold price is supported by investment purposes as well as growth in jewelers and industrial demand.” Thanks to the high gold price, HXPM (www.hx9999.com ) has achieved good performance than expected.
Many of the world famous bankers, institute investors, fund managers, business leaders and government officers attended this forum in Hong Kong, due to its importance in Asia financial centre.
SOURCE HXPM Limited