However, repatriating gold is no simple matter. Moving it in and out of vaults takes time, not to mention security, and the gold rush has led to a shortage of logistics options. Adding to the complexity is the fact that the Bank's vaults are not really designed to cater for large-scale...
The upshot is there is a multi-week wait for anyone wanting to remove gold from the Bank, which in turn has pushed up the price of gold in London. Talking to Sky News last week, Andrew Bailey said: "London is a very important gold market. We have seen a movement...
However, repatriating gold is no simple matter. Moving it in and out of vaults takes time, not to mention security, and the gold rush has led to a shortage of logistics options. Adding to the complexity is the fact that the Bank's vaults are not really designed to cater for large-s...
The upshot is there is a multi-week wait for anyone wanting to remove gold from the Bank, which in turn has pushed up the price of gold in London. Talking to Sky News last week, Andrew Bailey said: "London is a very important gold market. We have seen a movement...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Crown but these days they se...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Crown but these...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Crown but these days they se...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Crown but...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Cro...
Is the Bank of England running out of gold? Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world's second biggest known trove of gold. Once upon a time the Bank's vaults stored bullion owned by the Crown but these days they se...