Deutsche Bank open to offers for London gold vault-sources
By GCRU Gold News on Thursday, December 25 2014, 00:44 - Permalink
Deutsche Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday.
The bank's London gold vault only became operational in June this year, more than two years after launching the project and when gold prices had tumbled more than 50 percent from their 2011 record highs of around $1,920 an ounce.
It has a capacity of 1,500 tonnes and was built and managed by British security services company G4S.