Quantcast

Our website use cookies to improve and personalize your experience and to display advertisements(if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We have updated our Privacy Policy. Please click on the button to check our Privacy Policy.

Your information is NEVER sold to a third party. 

The streets of London have a wealthy secret about them

Advertisements
Share On Social Media
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

1065674-13-20160421160835Under them, er, sits more than $200b in gold bars. No joke, really. According to researchers who apparently made the discovery, beneath Threadneedle Street in London, sits the massive collection of gold bars.   Interesting? You bet. Researchers say that the billions in gold underneath Threadneedle street is about 20% of all gold owned by the world’s governments.

Not quite like storing cash under the mattress,” the BBC says, “but still a way to hedge against risk in other markets.” You can’t actually visit the gold, and,  some interesting (at least we think they are) security measures remain in place against the vaults. The Independent reports that 3-foot long keys are required to go anywhere near the vaults themselves. (We could probably imagine they’re better guarded than Buckingham Palace..).

The “maze” as it has been referenced spans about 300,000 sq feet and holds more than 6,000 gold bars owned by the Bank of England.

Fun Fact: During WWII the vaults served as bomb shelters.


Share On Social Media
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
See also  New Song: Tamar Braxton "My Man"
By SHK

Sultan H. Khane II is the Editor-in-Chief of Bazaar Daily News and its 5 sister properties.

Leave a Reply

Related Posts

No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.
Skip to content