The surge in gold prices globally is exerting immense pressure on vaults, leading to a decrease in insurance cover. This scenario is largely owing to the escalating risk and cost associated with gold storage. The present situation has vault keepers at a crossroads – juggling between maintaining their businesses’ profitability and offering comprehensive insurance cover for stored gold. This exposes a seemingly precarious situation for investors as they may find their valuable assets inadequately insured. Experts suggest that this calls for an urgent reevaluation of gold security norms and insurance guidelines. nnAs gold buyers worldwide grapple with this reality, it’s essential for investors to be aware of their investment protection levels. While the gold price surge presents an opportunity to cash in, the associated risks with storage and insurance require serious contemplation. Read More
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