The bank of england announced its latest policy decision in london on thursday writes adrian ash at bullionvault.
Buying gold bars from bank of england.
Because gold tends to rise when interest rates fail to rise faster than the cost of living.
Can i buy gold from the bank of england.
Buy gold in workable sizes.
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.
You can however hold a real gold bar in the bank of england museum.
For example if gold is selling at 1 400 per ounce and.
The bank of england s gold vaults hold 194bn worth of gold bars.
In effect it told uk investors and savers to buy gold.
If you stacked them all on top of each other they would be the same height as 46 eiffel to.
Our gold vaults hold around 400 000 bars of gold worth over 100 billion.
That makes the bank of england the second largest keeper of gold in the world the new york federal reserve tops the list.