The year rich people went crazy for gold
Demand for safe deposit box space is soaring after a dizzying rise in the price of gold.
The global market for storing precious metals is experiencing a surge in demand, driven by wealthy individuals seeking to safeguard their gold reserves. Companies such as Sharps Pixley, MKS Pamp, and Swiss Gold Safe are struggling to keep up with demand, with some firms searching for new storage facilities. The price of gold has more than doubled in the last three years, reaching a record $5,595 per troy ounce earlier this year.
Wealthy investors are increasingly opting for physical gold, with some storing minimums of $50 million in specially designed compartments.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
