Wednesday, 10 April 2013

Ozzie gold bugs

Hat tip to the Keiser Report which spotted a new (non-bank) gold vaulting service opening in Sydney.  Suggestive of a new interest in gold (and likely exodus from the banks)?

...There is an interesting phenomenon happening in the CBD of Sydney: Private Vaulting. Until now the only option for safe deposit boxes was with one of Australia’s four TBTF banks and most of those vaults seem to date from the gold rush era of the 1890′s. But in the space of two months there will be two state of the art private underground safe deposit vaults opening, both with an emphasis on storing physical gold and silver. One has been showcased by Mike Maloney in a national news report and the other vault opens at the end of this month (here).

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