Buying Gold and Silver in Hong Kong

Hong Kong is officially named Hong Kong Special Administrative Region of the People's Republic of China, which is an autonomous territory that lies on the Pearl River Delta of East Asia. 'Hong Kong' in Chinese means “Fragrant Harbor” or “Incense Harbor.” It is a leading international financial center that also has the highest financial development index score. It has one of the freest economies in the world and is also the world’s most competitive economic entity. The legal tender of Hong Kong is Hong Kong Dollar which is the 13th most traded currency in the world.

Hong Kong is a popular destination for investors and collectors around the world. They come here to buy bullion and benefit from great deals on precious metals since in Hong Kong the spot prices are much lower compared to other countries. Also, less paperwork is required when buying precious metals in Hong Kong. The country is well-known as the most tax-friendly country for precious metal investors. It hosts many giant international storage facilities as well as large local storage facilities.

Commodity & Futures Markets in Hong Kong:

Hong Kong Exchanges and Clearing (HKEx)
This is one of the largest global financial market operators which was founded in 2000 after the merger of The Hong Kong Stock Exchange, the Hong Kong Futures Exchange, and the Hong Kong Securities Clearing Company. HKEx mainly trades stocks, bonds, mutual funds, ETFs, warrants, and equity-linked instruments. The London Metal Exchange, a global leader in base metal trading, is also owned by HKEx. LME is the ground for setting the price and trading of industrial metals globally, but it works with the entire precious metals community to help set the most beneficial prices on the precious metals market. HKEx was founded mainly to expand China’s marketability in the global market. For a company to qualify for the HKEx’s mainboard it must show its trading records for three consecutive years, an HK$20 million profit obtained during the recent years, an HK$30 million profit gained over the last two years, a minimum of HK$100 million expected market capitalization, and at least 25% of its securities must be held by the public.

Chinese Gold and Silver Exchange Society
This is the only Hong Kong exchange which trades physical gold and silver. The CGSE is an association of Hong Kong gold trading firms and operates on a membership-based system. The CGSE has more than 171 members now. The society was founded in 1910 by immigrants who came from mainland China. The objective of CGSE is to provide its members an exchange platform for precious metals transactions and transactions of other related services. In order to meet the requirements of the precious metal industry and elevate their standards to the global level, CGSE founded in 1994 a modernized assay center - the Hong Kong Precious Metals Assay Centre.

Coin Shows in Hong Kong:

Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. Hong Kong hosts several great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit Hong Kong soon, or if you want to see some coin shows outside the US, take a look at the most popular Hong Kong coin shows listed below.

Most Popular Coin Shows:

The 2nd Hong Kong Coin Show was held from 7th Apr to 9th Apr 2017 and 18th to 20th Aug 2017. It hosted 120 dealer tables and dozens of exhibitors from all around the globe. The admission to the coin show is HKD$30 and the pass is valid for three days. The entry for children under 16 years is free if only accompanied by an adult holding a pass.

HICC was held from 7th to 9th Apr 2017 and 25th to 27th Aug 2017.

The fair will be organized by Eternity Numismatic Co. Ltd., HKINF on 23rd - 25th Jun 2017 and 8th - 10th Dec 2017. Heritage Auctions are the official auctioneers for the event. The show will host over 68 dealer tables across three halls. Exhibitors from all over the world are expected to attend this event.

Government and Private Mints in Hong Kong:

Hong Kong Mint
The Hong Kong Mint functioned from 1866 to 1868 and was located on the Sugar Street in Hong Kong Island. A Mint Dam was built on the Mount Butler which supplied water to the Mint. The Hong Kong Mint was built by the Hong Kong Governor of that time, Hercules Robinson, in order to provide a steady supply of silver dollars in Hong Kong. Today, the Hong Kong Monetary Authority is Hong Kong’s currency board and the de facto central bank.

International Bullion Depositories in Hong Kong:

When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. Hong Kong is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in Hong Kong.

Bullion Exchanges in partnership with Malca-Amit and several other gold bullion storage companies offers allocated, pool allocated and unallocated storage in Hong Kong in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in Hong Kong.

HKIA Precious Metals Depository Ltd.
Hong Kong International Airport Precious Metals Depository was opened in 2009. This state-of-the-art high-security vault is located inside the Hong Kong International Airport. It was built specifically to ensure secure storage of precious metals and gold bars. HKIA Precious Metals Depository is owned by the Hong Kong Government and is a subsidiary of the Hong Kong Airport Authority. 

Loomis International (HK) Ltd.
The company offers a superb modern infrastructure for the storage of all types of precious metals as well as other high-value commodities. Loomis incorporated state-of-art security requirements at all of its facilities. Along with the flexible customer access times, these features make the company one of the top storage facilities in the world.

GoldCore
GoldCore has partnered with two of the world leaders in storage solutions, Loomis and Brinks, to offer its clients fully-insured secure storage services. The storage services are available in top countries such as Switzerland, Singapore, USA, UK, and Hong Kong. GoldCore offers direct ownership, competitive storage rates, independent verification and full audits, real transparency, and easy access.

Gold Silver LLC
They are one of the best in the storage industry as they offer safe and cost-effective precious metal storage solutions both nationally and internationally. They have partnered with some of the world’s top institutional vault providers, like Brinks, to provide fully-insured and segregated gold and silver storage around the world, including Hong Kong. Gold Silver LLC also offers flexible international delivery options and transparent and fair pricing.

Malca-Amit
Just adjacent to the Hong Kong International Airport is the Malca-Amit State-of-the-Art vault. It provides world class security for precious metal commodities, along with a set of value-added services which include viewing rooms for customers (to inspect or present their goods), inventory management, safe deposit boxes, global and domestic distribution with full door to door service. All commodities stored in Malca-Amit are insured by the Lloyd’s of London.

Global Gold
Global Gold customers are located all around the world. The company offers investors safe and secure storage services for their physically allocated gold, silver, platinum, and palladium in countries like Hong Kong, Switzerland, and a few other countries. It provides three storage types: standard allocated storage, segregated box storage, and key box storage. Clients can ship the metals or personally deliver them for storing purpose. However, clients must qualify for their minimum value of stored metals which varies based on the storage type.

Gold Money
Gold Money offers gold, silver, and platinum offshore storage in third-party vaults which are owned and operated by VIA MAT International. GoldMoney customers have the privilege to convert their gold, silver, or platinum into various currencies, or reallocate their holdings among these three precious metals or other facilities. The precious metals are stored in a secure vault with a 24-hour state-of-the-art surveillance system.

Vaults and Bullion Depositories in Hong Kong:

Hong Kong is one of the most economically favorable countries in the world, being regarded as a safe place for storing precious metal holdings. Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in Hong Kong, take a look at the below Hong Kong vault options.

With Silver Gold Bull, clients enjoy secure storage, as well as instant liquidity and delivery whenever they need it. The company offers segregated and allocated storage facilities. All commodities are audited and insured. Silver Gold Bull maintains complete client anonymity and storing commodities with it has a zero counter-party risk. This is one of the best third party secure facilities outside of the Hong Kong banking system.

Swiss Investors Corporation Limited is a registered Hong Kong company that offers secure storage facilities for precious metals. The company offers both segregated as well as allocated storage facilities. Clients are able to add, sell, or withdraw precious metals at any time. All commodities stored by the company are fully insured and secured by hi-tech storage facilities. It provides detailed regular statements to their clients. Storing is hassle free and the administrative fees are extremely competitive.

The company is one of Asia’s largest precious metal retailers and is located in the heart of Hong Kong's Central Financial District. The company also offers segregated metal storage in their top-notch storage facilities. The metals are stored within Brinks Hong Kong and are fully insured by Brinks’ insurance policy.

Kitco Hong Kong makes precious metal holdings easy and inexpensive. The company's administrative fees are highly competitive and are charged only for the actual time of storage, not for a fixed term.   It offers high-tech security and regular audits are performed by independent third-party auditors. Clients can track their assets using their detailed monthly statements. All commodities stored at this facility are fully insured with no additional cost. The company also provides easy account setup with minimal paperwork.

Breaking Down Precious Metals Sales Tax in Hong Kong:

When it comes to buying, selling, or storing of precious metals, Hong Kong in on top of the list. Hong Kong is a free port where there is no tax levied on import or export of gold and other precious metals. There is also no sales tax and any other import charge levied in Hong Kong. Hence, Hong Kong is considered to be the best tax friendly jurisdiction for precious metal investors from around the world.

Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Hong Kong.

Local Gold and Silver Dealers in Hong Kong:

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Smelters & Refineries in Hong Kong:

Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. Hong Kong also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you: