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Monday, 17 December 2012

A video clip that caught my attention

 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

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