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IPFS News Link • Gold and Silver

How $5 Billion In Physical Gold Was Secretly Moved From London To Poland

• Zero Hedge - Tyler Durden

Yesterday we reported that over the past few months, 100 tons, or some 8,000 gold bars, were secretly transported from the Bank of England's vaults in London to Poland. But how did this carefully planned transport take place happen? G4S explains how it managed one of the biggest movements of gold between global central banks in just eight trips, whereas it took the Bundesbank just about 5 years to repatriate 674 tons of gold from New York and Paris.

In the early hours of the morning on November 22, 2019, four G4S trucks raced from a secret facility northwest of London carrying a special cargo. They were accompanied by a police escort, with a helicopter flying overhead. Lights flashed as they drove to a London airport, where 20 heavy, wooden boxes were carefully loaded and tied down in a Boeing 737 freighter plane.

"It was the eighth time we had made the trip, in the middle of the night," Paul Holt, General Manager of G4Si in Europe (North and South), Russia and the Commonwealth of Independent States, said. "It was all very secretive, and extremely important it was done well." The boxes were full of gold bars, bound for Poland. 

The covert mission

Over the eight trips, G4Si helped transport 100 tonnes of gold - worth approximately $4.7 billion - from London's Bank of England to the Narodowy Bank Polski, Poland's central bank. On the UK side, 8,000 bars were carefully counted, prepared and packaged at a purpose-built G4S gold storage facility in London. They were then loaded into high-tech armored trucks.

"The movements of the gold were meticulously planned in coordination with everyone, including the police, the Bank of England, the Narodowy Bank Polski and G4Si," John Lennox, Operations Director for G4S Cash Solutions UK, said.

"Given the sensitivity this operation, we needed to be prepared for anything. Plans can change at short notice. Having a strong team, flexible and professional drivers, and making sure everyone was regularly updated meant the operation was a complete success."


www.universityofreason.com/a/29887/KWADzukm