Will Scottish Independence Affect the UK’s Gold Reserves?

With Scotland’s referendum on independence looming, many are wondering what a “yes” vote will mean for the United Kingdom’s gold reserves, which sit at 310 tonnes. According to Reuters, word is they’ll be divvied up with a “raft of [other] assets.”

As quoted in the market news:

‘The distribution of the UK’s assets in the event of Scottish independence would be subject to negotiation between an independent Scottish Government and the continuing UK government,’ a spokesman for the United Kingdom Treasury said on Monday.

The United Kingdom, whose reserves are worth 7.84 billion pounds ($12.6 billion) at today’s prices, is currently the world’s 18th largest official sector gold holder.

Click here to read the full Reuters report.