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Seth Rotherham
  • Take A Look Inside The Bank Of England’s Gold Vaults

    12 Sep 2016 by Jasmine Stone in Lifestyle, Money, United Kingdom
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    If you have an affinity for gold then be warned, this might just push you over the edge.

    The Bank of England is one of the most powerful institutions in the United Kingdom, having a huge role to play in maintaining the pound’s financial strength around the world.

    They’re also responsible for storing gold, lots and lots of it, which is where BusinessInsider took a look inside.

    The gold vaults were first built in the 1930s, and they’re being put to pretty good use:

    There are over 400,000 gold bars in the vaults, only a small amount of which is owned by the Bank itself. The Bank also stores gold for the UK government, other central banks around the world, and the London Bullion Market Association.

    gvaultinside2

    The value of gold bar at the start of August 2016 was around £411,770.

    gvaultinside3

    gvaultinside6

    Queen Elizabeth II got her own vault tour in 2012.

    gvaultinside4

    gvaultinside5

    At one stage you could actually take a virtual tour of the Bank of England on their official site, but perhaps someone thought this a bit like advertising to potential criminals.

    The best they offer now is THIS information on life inside the walls.

    [source:businessinsider]

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