Bloomberg: Brink's to Open One of the Largest Vaults as ETPs Climb
By Claudia Carpenter, Bloomberg,
The Brink’s Co. (BCO), which stores and transports bullion, is set to open one of the world’s largest precious metals vaults in the London area within the next month, at a time when investors’ gold holdings are at a record.
The firm plans to open the facility with a major London clearing company and is considering opening another vault next year, Orit Eyal-Fibeesh, managing director for Brink’s in the U.K., said in an e-mail yesterday. The vault will be able to hold a “very substantial” amount of metal, she said, without being more specific.
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