It seems that for the first time in modern history banks appear to hold less gold than private investors
. The sum that is held by the private investors alone has reached the record number of 30.000 tons of gold.
The price of gold has reached incredible new peaks because the demand for the yellow metal is very high. The record level of gold for this week has been of 1.320 dollars an ounce but it is on a continuous upward trend. Due to the fact that banks are charging money from those that are depositing items in their vaults we can say that they are also benefiting from this investing frenzy.
There are commercial banks that in the 80's and 90' decided to close their big vaults. This happened because the demand for precious metals was very low in those days. However, things have changed now and banks are re-opening their vaults and building new ones. Some of the biggest banks in the world have already started to build vaults in London and Singapore. This great demand for safe deposits comes from the fact that most people are not interested in investing in gold futures or gold certificates they would much rather invest in physical gold.
In New York, the vault of the Federal Reserve Bank holds precious items from more than 36 countries worldwide. This precious metal is the safest commodity to secure your wealth with, especially in these times of financial worries. There are many ways in which one can invest in the glittering metal and this is also a great thing about it. For instance, you have the chance of investing in the metal from the commodity of your own home.
There are some specialized websites out there that are very reliable and represent a very good way of purchasing the metal. However, before you choose to invest in gold you should do a research and see what the Live Gold Price is or maybe make a comparison between how gold has been doing lately in the last 24 hours or the last month.