La cámara de los 200.000 millones: Londres retiene su estatus como custodio del oro de 70 países
El Banco de Inglaterra es el segundo mayor depositario del mundo, y su mercado de lingotes, el centro mundial de las transacciones
England's Bank of England (BoE) currently holds gold reserves worth over €230 billion, stored in nine heavily fortified vaults beneath the historic Threadneedle Street building. The United States Federal Reserve holds more, but the BoE's vaults are the primary physical location for gold transactions for more than 70 central banks and financial entities worldwide.
Before the BoE, British Chancellor of the Exchequer, Gordon Brown, sold off half of the UK's gold reserves in 1999, causing the global gold price to plummet to its lowest point ever. Despite this, the value of gold has since risen to $4,400 per ounce. London remains the leading global market for cash gold transactions, and the BoE's vaults store the vast majority of these gold reserves.
The gold held in these subterranean vaults can be transferred between owners simply by accounting entries, eliminating the need for physical transportation and reducing security risks. The BoE only accepts gold that meets London Good Delivery standards, which require the metal to weigh at least 400 troy ounces (approximately 12.4 kilograms) and have a purity of at least 99.5%.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
