Thursday, March 14, 2013

Amazing facts-England'a gold bullion

Bank of England's glittering stash of £156BILLION in gold bars is stored in former canteen under London.

Cash-strapped British people will breathe a sigh of relief when they see these impressive treasure troves.Despite the financial crisis, it seems the country still has some money left in the Bank of England's vault beneath London.In fact, there are stacks of gold bars worth a whopping £156billion stored in an old canteen deep below the streets of the capital.

It seems Gordon Brown did not manage to completely strip the country of its assets when he sold off 400 tons of gold at rock-bottom price during his time as Chancellor.The gold he got rid of when prices were at a 20-year low cost the country up to £11bn, it was estimated last April. He made just £2.3billion on the precious metal he sold between 1999 and 2002.

amazing-factsSo the 4,600 tons of the precious metal still stored in these concrete-lined vaults in the heart of London will be a welcome sight for those worried we have little left to fall back on.The piles of 28lb 24-carat gold bars are stacked on simple blue shelves beneath strip lighting. One image alone shows around 15,000 bars or 210 tonnes of pure gold, with a value of approximately £3billion.

The walls must be literally bombproof as they were used by bank staff as air raid shelters during World War II. Three-foot long keys are needed to unlock to the doors that guard the rooms holding the gold - but sadly not all of it belongs to us.


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