The Bank of England’s golden evolution

IMG Auteur
 
Published : October 16th, 2019
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Alchemist/Ruth Crowell/Q4-2019

“Today (a sunny day in early September 2019), we hold around 400,000 gold bars in our vaults, currently worth approximately £200 billion, making up 15% of official declared gold reser ves globally. We are the largest gold custodian in the UK – we hold over 65% of the gold in London.”

USAGOLD note:  For those with an interest in the central role the Bank of England plays in the upper stratosphere of the gold market.

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