Soaring demand spotlights secret NY gold hoard | Bangkok Post: news

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Soaring demand spotlights secret NY gold hoard

If there's one place a James Bond villain -- or even some actual governments -- would love raiding today, it's the basement of a somber building in lower Manhattan: the world's biggest gold vault.

If there's one place a James Bond villain -- or even some actual governments -- would love raiding today, it's the basement of a somber building in lower Manhattan: the world's biggest gold vault.

Gold prices hit a record $1,632.8 an ounce Friday, reflecting a nervous rush by private and national investors from stocks, dollars and euros to the safe-haven commodity.

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Writer: AFP News agency
Position: Agence France-Presse

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