Hong Kong-based Bank of China this year celebrates its centenary. A Swiss gold refiner profits in a very unique way from its birthday celebrations.
In Asia, gold holds a special allure and its value is considered way higher than its monetary worth would suggest. This is due to the cultural background and its history and at the same time, the precious metal also helps people in emerging markets to hedge against economic upheaval and an erosion of their currencies.
It is not surprising then that Bank of China in Hong Kong issued three separate gold bars commemorating its centenary.
Gold Bars Made in Switzerland
What makes it special is that the gold bars were made in Switzerland, according to Hong Kong’s daily «South China Morning Post». Two smaller gold bars are already on the market, while the third, which weighs one kilogram, will hit the market next month.
The producer of the bars is the Geneva-based branch of the globally active MKS Group. The company is managed by Marwan Shakarchi. His father Mahmoud was a Lebanese gold trader who worked for a string of Middle Eastern central banks and in 1979 took residence in Switzerland to launch MKS.
The company today has about 800 employees at cities such as Istanbul, Kuala Lumpur, Dubai, Singapore, Hong Kong, Shanghai, Delhi and Sydney.
Next: Gold Bars With Puppies
The Swiss gold refiner is already busy working its next Chinese order, bars with puppies to celebrate the year of the dog according to the Chinese calendar, «South China Morning Post» reported.
