Friday, April 29, 2011

South Korean and Hong Kong Cash in Gold Teeth as Price keeps Soaring!

Gold Hit $1,509 an ounce on the London Bullion Market on April 12 2011.
For the first time on record over $1,500!
With this trend for gold Price and I speculate that the Gold Price will reach up to USD$3,000 in 2011 estimated…
As the price of this precious metal price internationally, South Korean are cashing in their gold teeth and other dental work.
And shunning traditional gold engagement rings and baby gifts..
The gold crown fetches at least 40,000 won up to 100,000 Won depending on size and condition.
South Korea
Gold Seven’s CEO Nam Seung Woo: We are handling gold teeth far more than usual as the price of gold is rapidly increasing. The Company had bought golden teeth, golden crown from more than 100 customers in past month.
Hong Kong
On the other side in Hong Kong, many newly open shops for buying carat Gold…just in Tsuen Wan MTR station, there are two different shops side by side running the same business. They will test your article in one equipment and immediate tell how much its equivalent value after analysis the gold content. They will deuce 5% of the gold processing fee and immediate cash you.
The gold Trade business will be moving on… and I think there more people to
Buy 24K gold as an investment,
More people will, prone to buy gold watch than Stainless steel watch as the later is not seen to be cheap at all, More people will sell their unused, or old gold ornament and rings…
The inflation will keep rising up with the gold price as money seem has been depreciating…
We will see more Old Chinese people cover their mouth when they laugh, Probably they have removed their gold teeth for Cash already!

HK Snob

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