Here are some technical information for traders who are or whish to trade gold and precious metals.
Gold is traded in powder or nuggets on the international markets.
the gold (ore ’) is:
24 karat is 99.99% pure gold,
IS 22 carat 916.6 fine
IS 750 fine 18 carat
IS 585 fine 14 carat
9 carat IS 375 fine
Many banks can assist your gold transaction, Standard Chartered Bank is one of them:
Standard Chartered Bank has the advantage of being also present in many gold-producing countries: www.standardchartered.com …
Standard Chartered Bank is represented in gold producers and buyers countries including Hong Kong. This tax-haven region works in close relation with the City in United Kingdom in organizing anonymous form of transactions through Sovereign Wealth Funds and / or private, tax-free (while in the United States, France and other western countries transactions of gold are taxed or prohibited and non-anonymous)
To complete your info, maybe you’re interested in seeing the parallel evolution of prices of major metals (and their ”tremendous evolution over the last few weeks of this ”crisis”).
- On the Shanghai Metal Exchange / SMM (en.smm.cn /) in RMB / Yuan (including 13% VAT for imported and Chinese domestic prices) and brought in USD
- To compare with those of LME / London Metal Exchange: www.lme.com / copper.asp(Duty VAT each)