Main Collections

  1. Money Museum
  2. Collection
  3. Main Collections
Large Scale
Enlarged view

[Large Scale ]

Title
Large Scale
Location
About Bank of Korea

Explanation of Work

Central banks hold a significant amount of gold as part of their foreign exchange reserves since gold is a safe-haven asset. Gold bars had been partly kept in Bank of Korea since it was founded in 1950. However, since 2004, all of the gold has been stored in the Bank of England’s vault. Bank of Korea directly purchased gold from households and corporations in the past. In those days, the Bank precisely measured the weight of gold with the help of this large scale, and the scale was also used throughout the gold-collecting campaign during the 1998 Asian financial crisis. The process of purchasing gold is replicated at the back of the scale. 

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