Bangkok--12 Jan--Classic Gold
Classic Gold Group, under the umbrealla of gold ornament manufacturer and bullion gold trader Chiab Seng Heng, is spreading its wings to enter futures market via the launch of ‘Classic Gold Futures’. The latest gold broker on Thailand Futures Exchange, with registered capital of THB150 million, will commence gold futures trade from January 11 onwards.
Classic Gold Ltd. is currently import and export 99.99% gold bullion, distribute and purchase 96.5% and 99.99% gold bullion that met London Bullion Market Association (LBMA) to general investors, gold shops, and jewelry shops nationwide. It is a unit of Chiab Seng Heng, which manufactures and distributes gold ornaments for more than 25 years.
In a bid to become an integrated gold investment operator, it has launched Classic Gold Futures, the sixth gold broker on TFEX, which will start trading gold futures contracts on January 11, said Classic Gold Group Chairman Vichai Jutavarakul
Classic Gold Futures Ltd. was established in July 2010, with registered capital of THB150 million. It is well-equipped with modern technology and quality staffs to provide excellent gold futures brokerage services. Investors can put their gold futures orders via internet system while the company provides analytical information about gold trend for investors to make their trading decision efficiently. With over 25 years of experiences of Classic Gold Group management, investors can rest assure with the quality of gold standard, an integrated gold investment services, and reliable settlement process, said Nuttatee Jutavarakul, a director of Classic Gold Futures said.
With a vision to serve a variety of gold demand from different group of investors, Classic Gold Group is offering a number of products and services including gold ornaments, 99.99% gold bullion, 96.5% gold bullion, as well as gold futures for risk lover investors who have sophisticated understanding about futures market.
“Classic Gold Group is determined to develop our gold investment services under a vision to become The best CLASSIC choice for your GOLD investment. We are focusing on continuous development to provide the best alternatives for our clients and the introduction of Classic Gold Futures is part of our scheme to offer an integrated gold investment services, Nuttatee said and added that
“Initially, we target to grab 10% of market share within 2011. At the beginning stage, we will focus on training and seminars to educate investors about gold futures and gold investment strategies that would fit different investment styles of each investor. We will launch Gold spot online within the first quarter to facilitate gold bullion trade via internet and iphone.”
Moreover, the company is planning to expand its selling agents (SA) and introducing agent (IA) network in 2011. Based on the company’s survey with existing clients and gold retailers, the company has found that there are a number of gold retailers that do have interest in participating as agents but still lacking of information, knowledge, and support. The company has established a task force unit to help qualified gold retailers with potential to become SA and IA, as a business partner that would expand along with the company. Classic Gold targets to team up with around 20 gold retailers as SA this year.
For more information, Please contact:
K. Unchana Tel: 02-618-0808 Ext. 844 or K. Nattaya