Maintaining a gold bullion account in one of the three top class gold vaults in USA, New York, and Zurich is a rapidly growing trend among those people who want to invest a small part of their savings/assets in the form of solid gold.
In the past, only bankers and brokers had an access to these lockers. However, now anyone with a minimum quantity of gold can register for an international gold lockers membership, or account. According to the latest trends in the bullion, and overall world market, experts advise holding at least 10% of asset profile of an individual in the form of gold, stored in gold lockers.
The functioning of these vaults is highly secured. Most importantly, the transaction of gold is carried out without an intermediary; hence making your gold locker secure from theft or stealing. All gold vaults are insured against a nominal fee. This means that in case of any misfortune incident like loss, theft, or damage, the gold locker administration shall compensate for it.
One of the major concerns of people about gold vaults is the unprecedented and unexpected government policies regarding gold accounts. This concern is especially acute during difficult financial times, political upheavals, or change of the political governments. The government is liable to seize the valuables/assets/foreign currency accounts in times of political or national emergencies. This is something beyond the administration of gold vaults, and this is the reason why gold vaults are located at three international places: London, which is the centre of gold bullion market, New York, and Switzerland.
The account holders have the right to shift their gold vaults from one country to another, if they are wary of upcoming political crisis in one country. Their gold is securely stored in the gold vaults, and upon the request of the account holders, it can be shifted immediately to another country. If imminent political and economic crisis are foreseen, then the gold stored in the gold vaults can be sold instantaneously, and bought back later.
The exterior of the gold locker depository is built in an imposing and strong fortress like structure. Its walls are lined with granite, and the main gate is usually made of a heavy blast-proof material. It is guarded by fences with electric wiring, cameras, armed guards, security alarms, and battalions of army with standby gunship helicopters, tanks, and armored carriers, etc.
The main vault door can only be opened by dialing numerous and different combinations. The secret combination is not known to even a single individual of the gold vault administration. Different personnel are allocated different combinations, which are to be kept secret by them. Upon dialing all these combinations, the vault door can be opened. The inside of the vault area has coded vaults with individual lock systems.
Only authorised persons are given access to the gold lockers by the gold vault administration. The entire system has proved to be 99.99% fool proof, and it has established its trust for decades now.