Where in the world is all that wealth stored?

The Bank of England in London. As central banks buy more gold, where to put all that heavy metal is an increasingly important question. — Joseph Horton/The New York Times

THE increasing popularity of gold has created a tension for countries buying more of it as a hedge against global risk: its utility depends on where it is stored.

Two of the largest gold warehouses are in New York and London, where the Federal Reserve Bank of New York and the Bank of England hold reserves for foreign central banks and other institutions.