Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,307.20 -80.41 -0.52%
S&P 500 1,655.35 -13.81 -0.83%
Nasdaq 3,463.30 -38.82 -1.11%
Ticker Volume Price Price Delta
STOXX 50 2,835.01 +13.36 0.47%
FTSE 100 6,840.27 +36.40 0.53%
DAX 8,530.89 +58.69 0.69%
Ticker Volume Price Price Delta
Nikkei 15,627.30 +246.24 1.60%
Hang Seng 23,261.10 -105.29 -0.45%
S&P/ASX 200 5,165.37 -14.69 -0.28%

Cashing In on the New Gold Rush

By Ben Steverman - 2012-11-12T22:53:07Z

Photograph by Paula Bronstein/Getty Images

Company Symbol % Change
3 of 12

Transport, Vault Space

The world is pouring its assets into gold at a rate of $77 billion per year, according to the World Gold Council. One result is a building boom by companies that transport and store the precious metal. In London, Brink's Co. recently opened its second vault in two years, while Malca-Amit Global opened the second vault at the Hong Kong International Airport. The proximity to Asia's air-trade routes is no coincidence. "There's still a need to set up an Asian hub for physical gold," Scotiabank's Sunil Kashyap told Bloomberg News. A vault at Singapore's airport opened in 2010.

Advertisement