Welcome to the room most likely to weather the credit crunch, a vast vault filled with the final word in financial security: gold.
Several thousand 28 lb bars of 24-carat gold stored in the Bank of England's massive underground vault could surely reassure anyone of us!
The bank of England is the second-largest gold store - the largest is the Federal Reserve bank vault in New York
As we saw the noble metal trading at $ 275 an ounce a few years ago, today an ounce of gold fetches $ 787. Each bar of gold are worth $ 325,000 as much as a top range Ferrari or again the average home in Florida.
If you look long enough at the picture, one may be able to see 15,000 bars--- 210 tonnes of pure gold value at $ 5 Billion.
In fact what you see is 1/20 of the gold stored in concrete-lined vaults in London.
Most of the gold stored here is held by the Bank of England on behalf of other depositors, notably the central banks of various foreign governments.
As the world loses its faith in most investments, gold still provides a sense of security.
In a week that saw panicky stock markets, falling oil prices and credit growth outstripping deposits, the brashest economy in the Middle East barely paused for breath.
With annual growth of nearly 18% since 2001, Dubai's government will pour as much money as is needed into any element of the economy to see it safe.
The overall real estate market across the Gulf has been valued at a whopping $1.3 Trillion.
Property prices in Dubai have increased by 40% since January and by almost 80% in the last 18 months, though we are seeing some evidence of a slowdown.
Nakheel, owned by the Dubai government, has unveiled plans for the world tallest tower at a cost of $38 Billion. Immediately after Meraas Development's Jumeirah Gardens complex came in at $95 Billion.
Dubai is well known to defying normal behavior: the tiny emirate, one of the seven states of the United Arab Emirates, has an economy second in size only to giant Saudi Arabia, even though it has relatively little oil.
Of its 1.3 million people, 80% are non-native foreigners.
Dubai's status as a regional hub for business, leisure, and travel means much investment is international rather than local – and that could be seen as a safe haven in stormy times elsewhere.
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Murano Grande in Miami Beach built in 2002 is The Related Group’s fourth residential monument in the exciting South Beach neighborhood just south of Fifth Street, now known as SOFI!
The luxurious waterfront condo residences offers Ocean to Bay see-through floor plans with panoramic views in select residences, spacious walk-in closets, granite counter tops, Sub-Zero refrigerator/freezer with matching imported European cabinetry, touch control ceramic-radiant cook top, full-size washer and dryer and marble floors in bathrooms.
MURANO GRANDE consists of 270 units from 1,400 sq.ft to 3,990 sq. ft. The ultimate luxury of the building is found in the fabulous lobby entrance, 700 feet of gorgeous bay frontage and 4 acre of bay front heated swimming pool and spa.
To learn more about this property: click here Pictures are courtesy of Mark Zilbert
Murano Grande South Beach, 4000 sq.ft lower penthouse of the 01-line, with amazing designer upgrades offering 4 bed, 4 bath and 3 terraces.
Listed at $3 5 Million. For additional information, please contact Mark Zilbert mzilbert@zilbert.com Cell: (786) 280-0201
248ft Anastasia is the largest and most expensive yacht at the Monaco Boat Show
The Anastasia's luxury master bedroom
Toys for the boys: Another luxury superyacht
Octopus, ex Microsoft partner Paul Allen 's superyacht
Each September since 1990, a mix of 98 of the world's opulent, most extravagant, elegant and ostentatious vessels squeeze into Monaco's exclusive harbor.
The event has become a showcase for the industry, where the very best of yacht design and construction can challenge simply the biggest.
As the industry has come of age, mixing traditional styles with modern technologies has provided the ultimate of Yacht performance.
Last month, an estimated $ 4.5 Billion of Yachts, none under 100 ft were on display at the Monaco Yacht Show.
All attention were focused on $200 Million Anastasia, a 248 ft dark blue and white enigma, recently completed by leading Dutch shipyard Oceanco.
The Anastasia features six decks, accommodating 12 passengers and 20 crew members. It includes a duplex master suite, a ten seat media room, a discotheque with a laser light display and smoke machine, an artificial coral reef and 800-gallon fish tank, a swimming pool with a transparent wall, a sunbathing platform which converts into an open -air concert stage, a library upholstered in crocodile skin, and a number of speedboats and jetskis.
Of course, those superyachts are highly in demand because of the scarcity value. People who want one and do not want to wait several years to have one built may pay the price.
You may also rent out a good Yacht 20 times over the high season. The cost is between $ 100,000 to $ 1.2 Million a week.
It seems that people with $ 175 Million to spend on a yacht tend to be above the credit crunch.
Fabulous views of Sanibel Island & 300 acres lakes of Lakes Park.
Magnificent Penthouse with numerous upgrades, higher ceilings & doors this residence located in the 21 st floor boasts 4 bedrooms, 3 and half bathrooms in a total of 5,567 square footage.
Great amenities including 24 hours concierge, media room, club room, great lobby, fitness center, library, business center , boardroom, Resort Pool and 2 spas, cabana area with sandy beach, outdoor grills, tennis, canoe & kayak.
