Bullion Management expands into Asia

Gold is more popular than ever and Bullion Management Group has opened a new Hong Kong to meet the increasing market demand.

Hong Kong was selected as the site for the new office due to the fact that China leads the world in gold production and that in 2010, China imported 209.7 metric tonnes of the precious metal – a 500% increase from the previous year.

Nelson Leung, who held past positions with Franklin Templeton Investments, Dynamic Funds and State Street, will head the new operation.

“Both mid-term and long-term trends are in place that indicate gold, silver and platinum will continue rising through 2011 and well beyond,” said Leung.