Bank of England holds gold for 72 central banks; unique role in global reserves

A 2014 Bank of England document reveals up to 72 foreign central banks hold gold accounts there, underscoring its unique role as a custodian of global gold reserves. The article explains why central banks choose London for storage, citing security, liquidity, and historical precedent. This is informational and not market-moving, but highlights the concentration of gold custody in a single institution.