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The reason for keeping our gold in London is because it's...

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23skidoo

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107

21/10/14

16:20

Post #: 14157558
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Originally posted by AndyIgo ↑

HI Biggle’s, and all,

So Biggle’s if when you buy your brand new car and make the payment in full it would be fair to say you owned it. However, if the dealer tells you can take away only the two front wheels and the balance of the car in seven years you would see that as a normal business arrangement.

Whenever I purchase anything, clothing, fishing gear or physical Gold I always like to take actual full possession.

I dare say we will never know the truth of the German Gold held in the UK France and USA.

However; I do wonder why an AAA rated country such as Australia continues to store it’s now precious little Gold reserves in the UK and the USA when both of these storage countries carry less than AAA ratings.

If it’s not money and just some barbarous relic of nothing more than traditional value then why not simply return the gold to its rightful owners.

The USA certainly doesn’t need the gold not as long as enough idiots accept their paper dollars backed by nothing but a government promise are sound.

Maybe that’s the rub possibly the idiots are thinning out!

Cheers and very best wishes: Andy

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The reason for keeping our gold in London is because it's convenient for trading it. That's what CBs do.
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