This rare look into the Bank of England’s gold vault is fascinating and should give people an idea of what an important commodity gold investment is.
(PRWEB UK) 17 December 2012
A video filmed by the University of Nottingham with chemistry professor Martyn Poliakoff has shown the rarely seen secret gold stocks of the Bank of England.
Hidden deep under London in an undisclosed location, it holds 4,600 tonnes of gold, worth £197 billion. Each shelf alone is worth around £35 million.
Britain owns around 310 tonnes of gold, but other organisations also use the vault to store gold. The oldest bar stored in there is from 1916.
Professor Poliakoff estimates that if all the gold ever mined was made into bricks, it would only be about the size of a large house.
Physical Gold can either deliver or store gold bought by their customers. For those that choose to have their gold stored, it can be kept at one of several global vault locations subject to a minimum of £5,000.
A spokesperson for Physical Gold said:
“This rare look into the Bank of England’s gold vault is fascinating and should give people an idea of what an important commodity gold investment is."
“All gold is stored with us at Via Mat International, one of the world’s premier precious metals facilities, and is fully insured through Lloyds of London. All stored gold is fully allocated and segregated, offering full protection.”
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.