Cashing In on the New Gold Rush

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

Photograph by Paula Bronstein/Getty Images

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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.