H ong Kong’s largest gold-storage facility, which can hold about 22 per cent of the bullion now in Fort Knox in the US. will open in September to meet rising demand from banks and the wealthy, according to owner Malca-Amit Global.
The unit, located on the ground floor of a building within the international airport compound, has capacity for 1000 tonne, said Joshua Rotbart, general manager for the Hong Kong based company’s Malca-Amit Precious Metals unit.
Two of the vaults may hold assets, including gold, for banks and financial institutions, and others will be used for diamonds, jewellery, fine art and precious metals.