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As Investors Bought Gold, a New Question: Where to Put It?

“Everyone was buying. It was like nothing we’d ever seen”
A single 100-oz. bar would get you a Porsche 911 GT3, with $8,400 left over for gas
A single 100-oz. bar would get you a Porsche 911 GT3, with $8,400 left over for gasBrian Finke for Bloomberg Businessweek

Sept. 5, 2011: Gold prices peak at $1,900 an ounce

Beneath the streets of Midtown Manhattan, in the heart of the city’s diamond district, there’s a vault filled with gold. To see it, you have to be on a list to get inside the office building above it. Once past the security desk, approved visitors are escorted by a guard to an elevator that slowly descends, exactly how far no one will say. Then come two pat-downs and passes with metal-detecting wands. No phones, keys, pens, watches, bracelets, or wallets are allowed. And certainly no cameras.