Secret Londons gold reserves amount about to be revealed
It has never been clear how much gold has the Bank of England got stored. But the London Bullion Market Association (LBMA) is about to change that.
Keep on reading and find out what is happening in the gold market of the capital of Great Britain.
Transparency in the gold market is a priority for the LBMA. That is why the entity has decided to shed some light on the amount and ownership of the gold stored in the Bank of England.
It is estimated that the Bank of England holds about 400 thousand gold bars worth at least $150 billion. However, it is known that not all that gold belongs to the United Kingdom alone: many central banks as the “SPDR Gold Shares”, keep their treasures there too.
But, how much gold does exactly belong to London?
The role of the LBMA
Even though the gold trading in the capital of Great Britain equals to approximately $26 billion, no one knows the exact volume of London’s gold reserves. The LBMA is willing to investigate this fact and will make the figures go public soon.
Gold belongs to private individuals too
London's gold market seems very distant, but there are different ways in which private individuals can afford buying investment gold bars too. Like in the Global InterGold Online Gold Shop. You can buy gold at favorable prices and earn income in euros for just recommending the online shop!
More than 2 million people are already seizing the economic potential of this precious metal.
Get to know how to earn high and stable income with gold here.