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Hongkongers snap up silver as gold becomes 'too expensive'
['Tommy Wang', 'Thu', 'January At Am Gmt', 'Min Read']
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After a precious metals shop in Hong Kong's central business district announced that hundreds of silver bars had sold out for the day on Wednesday, murmurs of disappointment rippled through a waiting queue.
Retiree Ken Wong, 65, began queueing at the precious metals shop Lee Cheong at around 5 am and managed to buy five bars.
He told AFP that buying silver offered him the chance to invest in a safe-haven asset quickly on the rise, whereas gold has become "too expensive".
Pakistani Meran Jawad waited in line outside the trader shop since around 6 am to purchase silver bars, which were in limited supply.
Geopolitical tensions and rising inflation have driven the surge in precious metals investments, Samuel Tse, an economist at DBS Bank, told AFP.