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Plunging gold prices and increased competition left the group struggling with losses and overstretched finances, but last year it attempted to turn itself around by slashing costs and closing 33 pop-up gold stores.
Provincial central bank branches, famous for doling out political loans and running gold stores and pawn shops, are being put out of business, replaced with regional branches on the U.S. Federal Reserve system model.
The row of unassuming shops and traders that make up London's jewellery quarter in the area known as Hatton Garden have long been the subject of secretive and seductive stories about underground passageways leading to gold stores and highly secure workshops where precious items are meticulously crafted by hand.
Thieves plying Mediterranean waters would often ignore gold stores and instead steal Venetian- and Genoan-marketed saffron bound for Europe.
Similar(56)
Mr. Gandhi, who owns a gold store, said there were only a few dozen members then, and none of today's turmoil.
The new policy will include the complete withdrawal of 374 tons of German gold stored at the Banque de France in Paris, about 11 percent of the total.
The bombing had come just as Gerstel was about to move to a new location — on the same block as King David Pizza and Berkovits's Easy Cash for Gold store.
The museum staff remain nervous, asking journalists who viewed the cataloging process not to write about it until the inventory was complete and the gold stored away again.
A Newark, N.J., shop owner pulled out a gun from behind his counter and killed a man trying to rob his "Cash For Gold" store at gunpoint Monday afternoon.
The bank owns a mound of gold stored in Switzerland and it also pays a nice dividend.
Some companies, such as The Perth Mint, owned by the government of Western Australia, sell gold to small investors in the form of certificates representing gold stored in the firms' vaults.
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