World's largest bank vault storage of gold bars and gold coins to build.

<P> Some of the world's largest banks and security companies are busy building vaults to store tens of billions of dollars in gold bars and gold coins, a move designed to exploit a recovery in demand and record prices profit. .</ P> <P> out of the global economy and concerns about European sovereign debt crisis, investors interest in gold rising, leading to a shortage of long-term storage space, prompting the first new bank vault for many years. .</ P> <P> bankers that the Treasury has become very profitable storage business. .Rising gold prices led to increased storage costs - usually, storage fees charged by the percentage of gold. .This week, gold hit $ 1,251.20 an ounce in the name of a new high, has risen since January by 14.5%. .In yesterday's trading, gold was trading at $ 1,226. .</ P> <P> gold • Peter Hambro, chairman of Business Petropavlovsk (PeterHambro) said: "People of the unprecedented interest in physical gold, which is causing all kinds of tension." </ P> <P .> Most of the increase in demand from exchange-traded fund (ETF). .Yesterday, the world's largest ETF - SPDRGoldTrust - the amount of gold held by a record 42 million ounces, according to current prices, the total value reached 515 billion U.S. dollars. .</ P> <P> Some banks indicated that they still have storage space, while others said the vault space is close to saturation. .Many banks say they are or plan to build a new vault. .JP Morgan Chase (JPMorgan) in Singapore recently opened a new vault, Ruishi An Insurance Company - ViaMatInternational has just opened in west London, a bank vault. .Bankers said that Deutsche Bank (DeutscheBank) is considering building a new vault. .</ P> <P> Bavarian State Bank (BayernLB) • precious metals business executives Frank Ziegler (FrankZiegler) said the bank's treasury full. ."We are discussing the expansion of treasury, is still in the planning stage," he said. .Barclays Capital (BarclaysCapital) in London, head of global commodities business, Roger • Jones (RogerJones) said that Barclays was "actively studying the precious metal storage business." .</ P>.