Finance:Gold reserves of the United Kingdom
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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.[1]
History
World War II
- Prior to Britain's declaration of war in September 1939 vast amounts of gold were being shipped across the Atlantic to the United States via Montreal, Quebec, Canada to pay for weapons. After France was invaded by Nazi Germany, fear of Britain also suffering the same fate led to most of the country's gold being relocated under a secret operation known as Operation Fish. In May 1940, under the order of the UK Government; 280 tonnes of the nation's gold was transported from the Bank of England in London up to Martins' Bank in Liverpool ready to be shipped to Canada .
By the end of the war in 1945, Britain was estimated to have reserves in excess of 1772.94 tonnes, however, with incomplete records; the figure may have been higher.[2]
Brown's Bottom
Gold reserves
| UK Gold Reserves by year[2][3] | |||||
|---|---|---|---|---|---|
| Year | Tonnes | +/- Change | Year | Tonnes | +/- Change |
| Jan 2017 | 310.29 | 
|
1972 | 656 | 
|
| 2016 | 310.29 |
|
1971 | 690 |
|
| 2015 | 310.29 | 
|
1970 | 1198 |
|
| 2014 | 310.25 |
|
1969 | 1308 |
|
| 2013 | 310.25 |
|
1968 | 1309 |
|
| 2012 | 310.25 |
|
1967 | 1146 |
|
| 2011 | 310.25 |
|
1966 | 1725 |
|
| 2010 | 310.25 |
|
1965 | 2012 |
|
| 2009 | 310.25 |
|
1964 | 1899 |
|
| 2008 | 310.26 |
|
1963 | 2208 |
|
| 2007 | 310.25 |
|
1962 | 2294 |
|
| 2006 | 310.8 |
|
1961 | 2014 |
|
| 2005 | 312.25 |
|
1960 | 2489 |
|
| 2004 | 313.22 |
|
1959 | 2234 |
|
| 2003 | 313.87 |
|
1958 | 2495 |
|
| 2002 | 355.25 |
|
1957 | 1382 |
|
| 2001 | 487.5 |
|
1956 | 1576 |
|
| 2000 | 588.27 |
|
1955 | 1788 |
|
| 1999 | 715 |
|
1954 | 2255 |
|
| 1998 | 715 |
|
1953 | 2011 |
|
| 1997 | 573 |
|
1952 | 1317 |
|
| 1996 | 573 |
|
1951 | 1930 |
|
| 1995 | 573 |
|
1950 | 2543 |
|
| 1994 | 574 |
|
1945 | 1772.94 |
|
| 1993 | 574 |
|
1940 | 1390.22 |
|
| 1992 | 579 |
|
1935 | 1464.56 |
|
| 1991 | 588 |
|
1930 | 1080 |
|
| 1990 | 589 |
|
1925 | 1045.53 |
|
| 1989 | 591 |
|
1920 | 863.75 |
|
| 1988 | 591 |
|
1915 | 584.6 |
|
| 1987 | 591 |
|
1913 | 248.09 |
|
| 1986 | 591 |
|
1910 | 223.37 |
|
| 1985 | 592 |
|
1905 | 199.21 |
|
| 1984 | 592 |
|
1900 | 198.47 |
|
| 1983 | 591 |
|
1895 | 304.67 |
|
| 1982 | 591 |
|
1890 | 166.25 |
|
| 1981 | 592 |
|
1885 | 141.35 |
|
| 1980 | 586 |
|
1880 | 170.6 |
|
| 1979 | 568 |
|
1875 | 153.8 |
|
| 1978 | 710 |
|
1870 | 161.11 |
|
| 1977 | 691 |
|
1865 | 93 |
|
| 1976 | 654 |
|
1860 | 77.63 |
|
| 1975 | 654 |
|
1855 | 74 |
|
| 1974 | 654 |
|
1850 | 104.72 |
|
| 1973 | 653 |
|
1845 | 82 |
|
See also
- Whole of Government Accounts
- Exchange Equalisation Account
References
- ↑ "The countries with the largest gold reserves". 13 July 2011. https://www.telegraph.co.uk/finance/personalfinance/investing/gold/8635555/The-countries-with-the-largest-gold-reserves.html.
- ↑ 2.0 2.1 Green, Timothy (November 1999). "Central Bank Gold Reserves An historical perspective since 1845". World Gold Council. http://famguardian.org/subjects/moneybanking/federalreserve/centralbankgoldreserves.pdf.
- ↑ Watt, Holly (24 March 2010). "Explain why you sold Britain's gold, Gordon Brown told". The Telegraph. https://www.telegraph.co.uk/finance/personalfinance/investing/gold/7511589/Explain-why-you-sold-Britains-gold-Gordon-Brown-told.html.
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