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Barclays Sells Secret London Vault To Chinese Bank | C & S Lock & Security

June 10, 2016

Barclays Sells Secret London Vault To Chinese Bank | C & S Lock & Security

Barclays bank of London reportedly has sold a bank vault facility which can hold $80 billion in gold.  The secret London vault is being sold to China’s ICBC Standard bank for an undisclosed amount.

 

Although details on the vault are scarce it is believed to be one of the largest in all of Europe and is currently used to store gold bars, silver, platinum, and palladium.

 

The vault is also known for its high security including a front door that can withstand a direct blast from a rocket propelled grenade, an electrified roof, and a heavy base to deter anyone trying to tunnel in.

 

In a 2012 report by the Sunday Times stated that; “The fingerprint identification system detects blood supply – severed digits won’t open the doors. Anti-ramming bollards can stop a lorry travelling at 55mph.”

 

The vault presently serves both corporate and individual clients in which Barclays has set a minimum deposit amount of one gold bar or equivalent (gold weighing 12.4 kg, worth about $500,000).

 

The future purpose of the vault by the Chinese buyers is currently unknown but the deal is nearly finalized.

 

Now that is one highly secure and extravagant safe! For information on a security safe of your own make sure to contact a local security expert, if located in Tucson contact the security experts and safe retailers at C & S Lock & Security!

 

https://www.theguardian.com/business/2016/may/16/barclays-sell-london-bullion-vault-to-chinese-bank-gold

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