There are 99 tons already being held at the Bank of England; according to the FT, the plan is to transfer other gold to the Bank of England from custodians such as Barclays, HSBC, and Standard Chartered; then, once it’s all in one place, um, well, nobody has a clue what might happen.
What a weird problem to solve. News from the future for a few reasons 1) Makers! Post your solutions to move this much gold! From crowd sourcing to how to physically move this and via what method for cost/safety. Fuel costs, insurance, this is a fascinating problem!
And 2) This could be the world’s biggest gold heist. My idea would be to get a top Hollywood studio to make a movie about a $12 billion gold heist while they are moving the real gold and actually heist the gold using the expert team assembled for the movie. Ocean’s FOURTEEN would be the most profitable movie in history.