Going for gold? Don’t forget the vault

“Investors in Asia are increasingly dealing with a seemingly anachronistic problem: finding a place to stash their bars of gold.  Gold is a popular choice for those seeking to diversify their holdings and spread risk but it isn’t the most mobile of assets. Still, gold has been moving east, and that has created opportunities for security companies in Singapore, Hong Kong, and Shanghai — financial hubs where the metal’s popularity is soaring.  Security companies are busy ordering two-ton steel doors and sophisticated monitoring systems, and hiring more armed guards as they expand their high-security vault capacity in Asia.”

http://www.gata.org/node/12057

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