Zhong Guo Zheng Quan Bao·2026-01-14 21:10Core Viewpoint - The surge in gold prices has led to a significant increase in demand for bank safe deposit boxes, resulting in a shortage of available boxes in Beijing banks [1][4]. Group 1: Demand for Safe Deposit Boxes - There is a booming demand for safe deposit boxes as residents are increasingly investing in gold, with reports indicating that many banks are fully booked and customers are facing long waiting lists [1][2]. - Some banks have reported waiting lists exceeding 100 people, with estimates suggesting that new customers may not be able to rent boxes until 2026 [2][4]. Group 2: Supply Constraints - The supply of safe deposit boxes has not kept pace with the rising demand, as only larger bank branches typically offer this service, and many smaller branches do not have safe deposit box facilities [1][6]. - Factors such as space limitations and high maintenance costs have prevented banks from expanding their safe deposit box offerings, leading to a decline in the availability of this service [6]. Group 3: Pricing and Variability - Different banks offer various sizes and pricing structures for safe deposit boxes, with significant differences in rental fees based on box dimensions [3][4]. - For example, at China Merchants Bank, the smallest box has a monthly rental fee of 50 yuan, while larger boxes can cost up to 42,000 yuan annually [3]. Group 4: Investor Sentiment and Alternatives - Investors express concerns about the safety of storing physical gold at home, leading many to prefer bank safe deposit boxes for their perceived security [5]. - Some investors are considering alternatives such as home safes due to the high rental costs and long wait times associated with bank safe deposit boxes [7]. Group 5: Innovations and Promotions - To address the supply-demand imbalance, some banks are exploring smart upgrades and promotional offers to attract customers, such as free rental periods for new clients purchasing gold products [7]. - For instance, Qingdao Rural Commercial Bank has offered promotional incentives for customers purchasing gold products, including free usage of safe deposit boxes for a limited time [7].