Obwohl bei Vietnamesen - wie auch bei anderen Asiaten - Gold traditionell einen hohen Stellenwert als Wertanlage genießt, können auch diese erfahrenen Kenner emotional reagieren.
Den folgenden Artikel gibt´s hier:
http://english.vietnamnet.vn/biz/2006/04/562950/
Grüße,
Zucchero
Agribank sold out 540 kg of gold within four days
16:47' 21/04/2006 (GMT+7)
VietNamNet – Investors have suffered estimated losses of tens billions of VND in their hasty gold purchasing deals.
The Gold, Silver and Gemstone Company under the Vietnam Bank for Agriculture and Rural Development (Agribank) alone sold 540 kg of gold over four days. This is the only state owned enterprise that trades gold. It has the widest distribution network, thus is the biggest gold supplier in the market.
The company sold 60kg of gold on April 17. A record sale level was set on April 18, at 270 kg. The figures were 110 kg and 100 kg over the next two days. The volume sold on April 21 decreased sharply when the gold price fell sharply, and buyers became aware that buying gold was unwise.
Agribank’s Gold Shop on Dinh Tien Hoang Street in Hanoi drew the largest number of gold buyers over the last few days. More than 200 people reportedly purchased gold on April 18 and more than 100 people on April 19.
As the prices began falling, those that purchased gold have suffered losses into the tens of billions of VND at Agribank alone. The losses must be monstrous if gold sold by other shops is taken into account.
Analysts believe that not only buyers are suffering from these price fluctuations, saying that importers will be hurt as well. Importers have yet to sell recently imported stocks, losing out on margins before the prices drop.
Gold price fluctuations have raised concerns among management authorities. The State Bank of Vietnam called an extraordinary meeting on April 20 to discuss the solutions to deal with the gold market fluctuations.
The details of the meeting were not disclosed, but a source said that the central bank discussed solutions and agreed to put the market on a leash when necessary.
The most worrying problem is that people may withdraw money from bank savings accounts to buy gold. In this case, the commercial banks need to hold a large volume of cash, while the central bank should consider selling reserve gold to stabilise the market.
On April 20, on the sideline of the finance and banking exhibition taking place in Hanoi, Director General of the Vietnam Bank for Foreign Trade (Vietcombank), Vu Viet Ngoan, said that the current ‘fever’ would only last a few days and that prices will recede.
In the latest news, gold prices in Vietnam’s market continue decreasing sharply.