Rare look inside Bank of England's gold vaults - BBC News
Feb 16, 2020I think your stats say if you're going to do Italian work in this place you need 4,000 no that's right yes it's amazing to watch but it doesn't do anything why is it so valuable? Partly because it's
rare
, so it's limited. you can't keep turning it intogold
here is a store of value it is recognized worldwide people wantgold
so it creates a market in itself it doesn't change the value as much for example as coins this is much more durable than investing in chocolate or something like that with disapproval worth about four hundred and seventy five thousand pounds at the current market price well that will settle a mortgage so most of the bars are on this what we consider a trapezoid because it makes make it easier to handle but this bar here in the United States is shaped like a brick the Federal Reserve Bank of New York is built on bedrock so the goal can be stacked one on top of the other here at the Bank of England because it is built on clay we have flat load limits that is Why do we have the golds on pallets?All the gold held in London was sent to the Bank of Canada in Ottawa. The area was used as a bomb shelter and had a canteen on a pool table. I had beds in you.
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