Bank Of England Gold Vault Security

Indeed less than a decade ago the noble metal was trading at a mere 275 an ounce.

Bank of england gold vault security. The bank of england gold vaults are located on 2 underground levels beneath the banks headquarters in the city of london. Our secret gold mine hidden under londons streets its meant to be one of the most secret vaults in britain but yesterday the bank of england broke its own cast iron rule. Britains central bank is also one of the largest holders of gold in the world which it stores in vaults spread over two floors. Several thousand 28lb bars of 24 carat gold stored in the bank of englands massive underground vault.

They hardly ever let anyone in. Heres a glimpse inside. The gold bars in these vaults support the london gold clearing system and provide the gold supply for the london gold. Bank of england vaults.

A fifth of the worlds gold is hidden under london worth an estimated 172 billion 248 billion. If you stacked them all on top of each other they would be the same height as 46 eiffel towers. The bank of englands gold vaults hold 194bn worth of gold bars. These data show the weight of gold we have in our custody on the last business day of each month.

We publish the data with a minimum three month lag. The vaults under the bank of england on threadneedle street are said to hold 5134 tonnes of gold. The bank claims to store over 400000 good delivery bars in its vaults.