Thread safety in Singleton

Question

I understand that double locking in Java is broken, so what are the best ways to make Singletons Thread Safe in Java? The first thing that springs to my mind is:

Answer 1

I see no problem with your implementation (other than the fact that the lock for the singleton-monitor may be used by other methods, for other reasons, and thus, unnecessarily, prevent some other thread from getting the instance). This could be avoided by introducing an extra Object lock to lock on.

This Wikipedia article suggests another method:

public class Something {
    private Something() {
    }

    private static class LazyHolder {
        private static final Something INSTANCE = new Something();
    }

    public static Something getInstance() {
        return LazyHolder.INSTANCE;
    }
}

From the article:

This implementation is a well-performing and concurrent implementation valid in all versions of Java.
...
The implementation relies on the well-specified initialization phase of execution within the Java Virtual Machine (JVM); see section 12.4 of Java Language Specification (JLS) for details.