Guangzhou store front grins with 300kg of gold teeth; The building’s initiative was widely criticized as a grand waste

Guangzhou store front grins with 300kg of gold teeth

Staff Reporter

2013-05-06

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Nearly 300 kilograms in gold bars caught the glare of the sun — and the eyes of shoppers — as the yellow brick road leading the way to a jewelry store in Guangzhou in southern China. The store was laying its intentions bare for the Labor Day holiday, Chinese media reported. The building authorities used 252 gold bars, each weighing 1 kilogram, to pave the front of the building for almost five meters. Dozens of gold ingots, each weighing 10kg, were also displayed on the fourth floor of the building. The building’s initiative was widely criticized as a grand waste. The Guangzhou jewelry was apparently not alone in its decadent decor. A jewelry store in Shandong also went with the gold standard, going with 1,000 bricks of gold, each of 1 kg, for its store front display. Both buildings assured critics of adequate security when asked about the safety of broadcasting their bling. The stores were apparently bringing attention to the all-time low price of gold on the world market.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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