Securing Assets in Uncertainty


When the financial crisis took hold on world markets, inflation and the significant increase in new mainstream politics increased. In these times, two major companies plan to open massive vaults in Europe. These locations can safely hold more than 100 million euros (112 million USD) in pure gold. Their customers are offered lower costs and protection from price hikes than exchange-traded products.

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Inflation & Political Instability are a Major Risk for Customers

The price hike, technically known as inflation, forces many people to protect their valuable non-cash assets like gold. The thing about having a haven asset is not just the purchase. These assets require specialized storage facilities.

Conditions that could lead to political instability and unrest cause people to keep their assets even safer. Recently, the biggest conditions have been the UK’s decision to leave the European Union and the election of Donald Trump as President of the United States of America. The two incidents, in particular, have greatly influenced the global financial markets.

On the other hand, negative interest rates have been observed across Europe. The negative interest rate has persisted across countries in Europe. Inflation has continued to increase, causing major threats to bond coupon payments. These incidents have significantly led to storing wealth in vaults made of tempered steel.

ADP. Payroll – HR – BenefitsNew Secure Vaults in Construction

Currently, looking at the lucrative market for secured storage facilities, CoinInvest, a major Europe-based gold trader, is negotiating the construction of a massive 100-square-meter vault. The vault will be able to hold more than 100 million euros worth of gold. The weight of the safe is an estimated 82 metric tons. The door alone will weigh about 1.5 tons.

Hike in Gold Storage

BullionVault is one of the largest online portals that deal with physical gold trading. According to the information provided by BullionVault, the company successfully added 3 tons of gold in the past year.

This brings their combined gold holdings to about 38 tons, worth 1.5 billion USD at the current market rate. The company has different secure locations housing high-security storage facilities for gold. The vaults are in New York, Zurich, Switzerland, Singapore, London, and Toronto.

Gold reserves at the Bank of England, the corporation that operates one of the largest commercial vaults in the world, significantly increased. The Bank of England witnessed a 6% increase in its gold reserves in 2016, taking it to about 5,067 tons. The central bank holds gold for the UK Treasury, private banks, and other companies.LastPass – Family or Org Password Vault

Despite the fluctuation in gold prices, companies and banks understand the value and importance of gold. The value of gold will never be zero; this is the main reason for a significant increase in demand for secure vaults for storing gold.

Major companies that provide vaults are reaching their total capacity at a breakneck speed. The demand for secure vaults for gold is causing another gold rush that will likely end soon. Gold worth millions is being traded back and forth as a secured monetary payment. Experts believe that more and more people and companies are willing to save their gold, as the financial future seems volatile.

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