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The gold reserve of the United Kingdom is the amount of gold kept by Bank of England as a store of value of part of the United Kingdom's wealth. Leftover from the Gold Standard which the country abandoned in 1931, it is the 17th largest central bank reserve in the world with 310.29 tonnes of gold bars .
The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.
U&Gold is a British premium television channel from the UKTV network that was launched in late 1992 as UK Gold before it was rebranded UKTV Gold in 2004. In 2008, it was split into current flagship channel Gold and miscellaneous channel, W, with classic comedy based programming now airing on Gold, non-crime drama and entertainment programming airing on W, and quiz shows and more high-brow ...
Since launch, the channel has used the same reverse auction format as Gems TV 1 and broadcast live between 8 am and 2 am. In late 2008/early 2009, the channel reduced its live hours to 3 pm to 11 pm. During its downtime, it simulcasted Gems TV 3. It was not until 2009 that Gems TV was officially referred to as Gems TV 1 and its hours were ...
Official U.S. gold reserve since 1900 Changes in Central Bank Gold Reserves by Country 1993–2014 Central 2005 and 2014. A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of ...
World's gold from 1845 to 2013, in tonnes (metric tons in the U.S.) World's gold holdings per capita, in grams Gold holdings are the quantities of gold held by individuals, private corporations, or public entities as a store of value, an investment vehicle, or perceived as protection against hyperinflation and against financial and/or political upheavals.
The UK eventually sold about 395 tons of gold over 17 auctions from July 1999 to March 2002, at an average price of about US$275 per ounce, raising approximately US$3,500,000,000. [31] By 2011, that quantity of gold would be worth over $19,000,000,000. He pressured the IMF to do the same, [32] but it resisted.
Gold repatriation refers to plans of various governments to bring home their gold stored outside the home country. Many nations use foreign vaults for safe-keeping of part of their gold reserves . In 2014, there was a movement by some European states to return gold stored abroad back to the owner country.