Paying top dollar

for your diamonds since 1980

    Contact Us Today





    China’s Booming Gold Market

    Posted on November 12th, 2013 by Goldman Buyer

    China’s total gold demand is projected to reach 1,000 tons in 2013. In order to support that demand, a gold vault, able to store up to 2,000  metric tons, opened this month in Shanghai.

    This is the largest vault built for Malca-Amit Global Ltd., a Hong Kong-based company. It could hold bullion worth about $82.5 billion, and can also hold diamonds, art and jewelry.

    The increased consumption of gold in China may overtake India as biggest user, and increase as much as 29 percent. The demand is strong, and this new site, targeted at international and Chinese financial institutions, is a vote of confidence for the market in China.

    Malca-Amit also has space in Singapore, New York, Zurich, Geneva, London and Bangkok. It expects high demand from foreign banks, since it will put less of a limit on operations in China.

     

    Story and photo courtesy of Bloomberg
    http://www.bloomberg.com/news/2013-11-10/gold-vault-for-2-000-tons-opens-in-shanghai-as-bullion-goes-east.html

    Tags: , , , , , , ,

    ← Back

    Customer Testimonial

    Had a Great Experience

    I have dealt in coins and metals since the 80s. Had dealings with many dealers. Got scammed by a few. Chicago Gold is the only one I would recommend to my family or friends. Have your valuables appraised by them before you sell.


    Date: 05/12/2022 • 5 / 5 stars ★★★★★

    Awesome place!

    What a super knowledgeable gemologist. After all that experience also they are soooo willing to help and answer all the questions I had. Excellent experience. They went above and beyond for me. Highly recommended. Super trustworthy.


    Date: 01/20/2022 • 5 / 5 stars ★★★★★

    I'll be back

    Cashed in some silver coins and received a very fair exchange. Joe and Chris, were very friendly, and comfortable to deal with. Came back with some jewelry, and received a rough appraisal...again no pressure.


    Date: 11/15/2021 • 5 / 5 stars ★★★★★

    I would do business with them again

    I found the Chicago Gold Gallery to be a very honest and reputable shop. I would highly recommend this store to anyone buying and selling their possessions.


    Date: 05/01/2021 • 5 / 5 stars ★★★★★

    How to Reach Us?

    Get Directions

    Contact Us

    Get the most for your valuables.

    1236 W. Devon Avenue
    Chicago, IL 60660

    Phone: 773-338-7787 Email: chgogoldgallery@aol.com

    Hours: Mon- Fri: 10am-6pm, & Sat: 10:00am-5:00pm

    Especially Wanted

    • Gold & Silver Coins
    • Bullion Gold, Silver, & Platinum
    • Scrap & Old Gold
    • Sterling Silverware
    • Dental Gold
    • Coins & Coin Collections
    • Franklin Mint
    • Collectibles
    • Rare Coins
    • Antique & Modern Jewelry
    • Diamonds
    • Watches - Rolex, Patek Philippe
    • Broken Jewelry
    • Tiffany & Company - Cartier
    • Vintage & Modern Guitars