Is it just cause its quarter to five in the morning but WTF:
"all, some £73billion of gold - that's 4,600 tonnes of the stuff - is stored in concrete-lined vaults beneath the busy streets of central London. It never oxidises or tarnishes (so it doesn't need to be covered), although it does need the odd dust - by a cleaner who has been carefully vetted, no doubt.
Sadly, not all the gold beneath the Bank of England is ours.
It is a long time since the British currency was pegged to the value of gold (Britain left the Gold Standard in 1931), but we have always kept some as a reserve of last resort. Sadly, we haven't always bought and sold it wisely.
In May 1999, for example, the then-Chancellor, Gordon Brown, decided to sell 415 tonnes, or 60 per cent of the UK's total reserves. "
OK so theres 4600 tonnes of the stuff right.......but Gordon Brown sold 415 tonnes which was 60% of the total reserves?????????????
Am I to believe that most of the Gold in the Bank of Britain belongs to other countries which do not have access to secure storage??????
Maybe just a photo of some Gold to remind England that even if they lose their homes and are destitute that Elisabeth Windsor and inbred family will survive OK.
- Forums
- ASX - By Stock
- GOLD
- nice gold vault pic 210 tonnes
nice gold vault pic 210 tonnes , page-5
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)