A Mad Rush as Gold Bugs Get the Boot (vault readied for big players)
A Mad Rush as Gold Bugs Get the Boot By CAROLYN CUI Fleets of armored trucks piled with gold bars and coins have been streaming out of midtown Manhattan in one unexpected consequence of the gold craze. Amid gold's rise -- it has gained 32% this year and reached a record on Monday -- investors have been loading up on bullion and coins. One big problem now is where to store it. The solution from HSBC, owner of one of the biggest vaults in the U.S.: somewhere else. HSBC has told retail clients to remove their small holdings from its...
Original Article: Forum: News/Activism
Tags: Armored Trucks, bullion, Consequence, Fleets, Gold Bars, Gold Bugs, Gold Coins, Hsbc, Investors, Mad Rush, Midtown Manhattan, Retail Clients, Vault, Vaults, X27