In the past gold was characterized by local demand and only a few institutions and organizations bought gold for industrial or for mitigating a possible increase in the price.
However, things have changed a lot and now more and more people are interested in investing in the yellow metal.
So much so, that they are willing to spend important amounts of money in purchasing it and banks have started to build new vaults in order to cope with the demand for safe storage.
Some banks have already started to reopen their vaults to gather to the clienteles needs.
These vaults where closed in the 90's and in the 80's when the precious metal demand reached a very low level and keeping the vaults open was not profitable anymore.
There have been reports of a number of banks that have reopened inclusive their vaults around the world (New York, London and even Singapore).
Not only are banks offering to keep the precious metal safe but they are also encouraging their clients to invest more and more into the precious metal.
Financial specialists advise us to hold as much as 7 or even 10 percent of our savings into precious metals.
This is for saving our money from a potential financial disaster or against inflation.
The serious investors prefer the precious metals because they are real assets and they can be changed into gold anywhere in the world.
Gold has been and will be a very safe investment for those that want to secure their assets.
In our days there are several ways in which one can invest in the glittering metal.
We can either buy gold coins or gold bullion or simply invest in gold certificates or other types of gold futures.
Also, buying gold can be done from a reputable dealer or from the comfort of your home, using the specialized websites.
These websites offer the possibility of seeing exactly at what price the precious metal is quoted on the market and various other helpful tools.
So, if you are interested in making an investment then you should find the best place to buy from.