Gold Bullion Vault - Periodic Table of Videos
This video shows the Bank of England keeping their money reserves in gold.
I learnt that:
- banks like to keep their money in gold as the value of gold is very stable compared to the value of currency which can go up and down
- each block of gold has its own number
- when people buy and trade gold,they do not take the gold bar home,instead,the gold bar's number is transferred from the seller's account to the buyer's account