For companies in Europe that are in the business of storing and protecting valuables, they've seen an uptick in business recently. Demand is reportedly growing with more people who are looking for a place to store things like precious metals, alcohol, artwork, and other valuables.
The increase in business is credited to a rise in populist politics, and worries about inflation, among other concerns.
Numerous investors have said that the US stocks for example are among the most overvalued in the world at the moment. A number of top money managers have said that there are “bubbles everywhere” in the market and financial experts have been warning of problems to arise for quite some time now.
One bank of America survey recently found that about 44 percent of fund managers think that equities are currently overvalued.
If there is perceived to be global financial volatility, or if geopolitical tensions and unrest escalate, then it is expected that more people will run toward long-term safe-haven assets like precious metals.
With many people becoming increasingly concerned about negative interest rates as well, it's shouldn't be a surprise that more people would look to areas like precious metals or even cryptocurrency.
Those in the market who are in the business of providing services to protect these assets, say that the demand has never been greater. At least 2 firms in Frankfurt say that they have plans already to build vaults in Europe that will be able to hold more than $100 million euros in gold.
Many people who buy into gold and silver, just as they do crypto, are aware of the fluctuations in price and that isn't going to set them off from wanting to get into the space.
In The US...
Texas officials just unveiled their plans for Texas to become the first state in the country to establish its very own state-run gold bullion depository.
It might be open and accepting deposits of gold as early as the beginning of next year. The company that's won the multi-year contract to carry out the construction and operations, is the Austin company Lone Star Tangible Assets.
Not everyone wants to store their gold and other valuable assets in their home or in a safety deposit box at their bank, or even in their own country. And there are a myriad of different options around the world when it comes to finding alternative options of security and storage services for personal valuables.
Pics:
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Pensions & Investments via pionline.com/article/20170321/ONLINE/170329967/record-high-34-of-managers-see-equities-as-overvalued-bofa-merrill-lynch-finds
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This information provided is for informational purposes only and should not be considered financial advice.
Sources:
https://www.bloomberg.com/news/articles/2017-06-13/looking-for-world-s-most-inflated-investments-check-u-s-stocks
http://www.valuewalk.com/2017/06/top-money-managers-sounded-warning-bell-gold-vault-sales-soar/
http://business.financialpost.com/commodities/mining/inflation-is-a-key-concern-vault-building-booms-as-gold-lures-investors-in-turbulent-world/wcm/8088dd3c-c715-4fc9-a47d-9d679d8b9d6e
http://www.bizjournals.com/austin/news/2017/06/14/texas-unveils-plans-for-states-first-gold-bullion.html
http://www.cnbc.com/id/43975881
http://www.cnbc.com/2016/07/02/marc-faber-sees-gigantic-bubble-so-buy-surprise-gold-stocks.html