Los Angeles (PRWEB) February 23, 2008
Capital Gold Group is going to China in celebration of the Chinese New Year. After sponsoring the "Asia Gold Tour" conferences, which traveled throughout Asia in 2007, including Hong Kong, Bangkok, Singapore, Manila and Jakarta. The Capital Gold Group has announced a new China initiative for 2008.
China has become the world's largest producer of gold, according to the World Gold Council, overtaking the longtime gold producing countries of South Africa and Australia. 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. Capital Gold Group, in association with Hong Kong and Shanghai Banking Corporation, is offering special gold accounts for physical gold. 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. 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 also a recognized speaker for worldwide gold markets, including Hong Kong, Singapore, China, India, and Europe. Capital Gold Group, Inc. has main offices in Los Angeles and London.
Capital Gold Group, Inc./USA/London/Asia
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