Porsche Helps Transport Nearly $14M in Gold Bars

Jason Siu
by Jason Siu

It has all the makings of a movie plot, with three Porsche Panamera Turbo Sport Turismos transporting nearly $14 million in gold.

Last week Baird & Co., one of Britain’s leading bullion merchants and gold refiners, needed to organize a shipment of gold from its refinery to its new London showroom in Hatton Garden. A total of 24 bars needed to be moved, each weighing about 27.5 pounds (12.5 kilograms), with a combined value of approximately $13,787,800 (£10,000,000). But instead of sourcing a security company, Baird invited Porsche to assist with transporting the shipment.

Getting to the vault was a 12-mile journey across London, a trip that obviously carries an inherent risk. In order to reduce the risk, Baird & Co. wanted the gold to be transported with great efficiency, under careful watch, and that time was of the essence. The longer it would take the gold to reach its destination, the greater the risk, said Porsche.

SEE ALSO: 2018 Porsche Panamera Turbo S E-Hybrid and Panamera Sport Turismo Review

So three Panamera Turbo Sport Turismos were called upon (one being a Panamera Turbo S E-Hybrid Sport Turismo) offering the performance and space necessary to do the transport. Each of the cars had to be capable of carrying four adults and have the load capacity to house two specially-designed gold bullion crates.

Along with a helicopter and security staff on the ground, the three Panamera Turbo Sport Turismos completed the precisely planned and previously rehearsed 12-mile trip in about 40 minutes.

“In this instance, we had a very large shipment of gold to transport – which is quite rare,” said Nick Hammond, director of Baird & Co. “We had to rely on the cars to be absolutely reliable, to be stable and to be more than capable of carrying the gold with capacity – in terms of performance – to spare. We didn’t want the vehicles to be anywhere near their limits, which is asking quite a lot. And, despite the phenomenal weight – and the density of the weight – the Panamera had to carry, they performed impeccably.”

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Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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