Eeralai said:
The silver and gold part also is in a similar game with a song called "Oranges and Lemons" which is imortalized in the book 1984 about "Here comes a chopper to chop off your head."
I don't actually recall learning to sing "London Bridge" at all, and all I know is the chorus. I have vague recollections of some kind of game, but nothing solid.
My mother had a decent collection of fairy tale/nursery rhyme books, most of which I have now, and I found both "London Bridge" and "The Bells of London Town" (in which the final line is "And here comes a chopper to chop off your head.") in "Marguerite de Angeli's Book of Nursery and Mother Goose Rhymes", copyright 1953, 1954. It's not what I learned to sing, though.
London Bridge is broken down,
Broken down, broken down,
London Bridge is broken down,
My fair lady.
Build it up with wood and clay,
wood and clay, wood and clay,
Build it up with wood and clay,
My fair lady.
Wood and clay will wash away,
Wash away, wash away,
Wood and clay will wash away,
My fair lady.
Build it up with bricks and mortar,
Bricks and mortar, bricks and mortar,
Build it up with bricks and mortar,
My fair lady.
Bricks and mortar will not stay,
Will not stay, will not stay,
Bricks and mortar will not stay,
My fair lady.
Build it up with iron and steel,
Iron and steel, iron and steel,
Build it up with iron and steel,
My fair lady.
Iron and steel will bend and bow,
Bend and bow, bend and bow,
Iron and steel will bend and bow,
My fair lady.
Build it up with silver and gold,
Silver and gold, silver and gold,
Build it up with silver and gold,
My fair lady.
Silver and gold will be stolen away,
Stolen away, stolen away,
Silver and gold will be stolen away,
My fair lady.
Set a man to watch all night,
Watch all night, watch all night,
Set a man to watch all night,
My fair lady.