Investor Jones | a financial adventurer

Are Bank Notes Really Worth the Paper They’re Printed On?

Bank Note

Do you think the Banknote you hold in your hand or wallet is really worth anything?

After looking closely at a British banknote you will see that it says “I promise to pay the bearer on demand the sum of… ” (the value of the note is either £5, £10, £20 £50 or £100). So, what would happen if I went to the Bank of England and asked them to exchange the bank notes I own for an equivalent value in Gold? After much research I finally found my answer. …continue adventure