Buying Gold Bars From Bank Of England

In the past you could exchange banknotes for the equivalent value in gold at the bank of england but this has not been possible since the early 1930s.

Buying gold bars from bank of england.

Buy gold in workable sizes. That makes the bank of england the second largest keeper of gold in the world the new york federal reserve tops the list. Our gold vaults hold around 400 000 bars of gold worth over 100 billion. The bank of england announced its latest policy decision in london on thursday writes adrian ash at bullionvault.

Now that the bank of england has decided to start printing money investors worried that inflation will result are thinking of turning to gold a traditional store of value. In effect it told uk investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the cost of living. The bank of england s gold vaults hold 194bn worth of gold bars.

How to buy gold bars. If you stacked them all on top of each other they would be the same height as 46 eiffel to. Gold bar buyers should consider the ease with which they can liquidate the bars as part of the buying process.