Aunt Millie
An unsophisticated investor. |
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Did you know?
Gold metal
The Bank of England is perhaps best known for storing gold. The standard weight of a bar is around 12.5 kilos (27-28 pounds). The purity of a bar of gold is measured by its assay. An assay of 1000 means it is completely pure. To be in the vaults a bar has to have an assay of more than 995 (995 parts per 1000 gold).
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