In a surprising turn of events, the soaring price of gold has led many vaults to reduce their insurance cover. This development is attributed to the rising costs of insuring the increasingly valuable gold stocks, which are becoming an excessive financial burden for the vault keepers. The situation has prompted industry experts to call for a reassessment of the methods used in determining insurance premiums in order to create a more sustainable system. Meanwhile, investors are urged to exercise caution and to thoroughly assess the insurance cover provided by their chosen vaults, in light of this new development. Read More
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