Gold reserves of the United Kingdom

[1] Prior to Britain's declaration of war in September 1939 vast amounts of gold were being shipped across the Atlantic to the United States via Montreal, Quebec, Canada to pay for weapons.

After France was invaded by Nazi Germany, fear of Britain also suffering the same fate led to most of the country's gold being relocated under a secret operation known as Operation Fish.

In May 1940, under the order of the UK Government; 280 tonnes of the nation's gold was transported from the Bank of England in London up to Martins' Bank in Liverpool ready to be shipped to Canada.

By the end of the war in 1945, Britain was estimated to have reserves in excess of 1772.94 tonnes, however, with incomplete records; the figure may have been higher.

[2] In May 1999, then-Chancellor of the Exchequer Gordon Brown announced plans to sell off 415 tonnes of gold in order to diversify the country's reserves owing to the volatile value of gold.