Stacy Summary: Somehow, I completely missed this last year. Wonder what the stats are. Will have to look into it.
‘We are also taking the opportunity to rebuild Britain’s [gold] reserves.” George Osborne, Chancellor of the Exchequer, UK
BOE arranges for some other country to lease its reserves held at the BOE, arranges a few paper smack-downs at the same time and then buys some of that bullion on the cheap? Presumably the official holdings wouldn’t be updated until they’ve purchased what they want.
I can’t help thinking this is too ingenious for UK politicians though.
Easy, just invade Libya, Syria, Iran etc. and liberate their central banks.
Sell at the bottom and buy in at the top,sounds flawless to me
@Georgie,trading tip, dont buy in just yet, hang on to at least $2000 per oz and then chase it all the way up
I thought Bernanke said gold wasn’t money
some people still think it’s money
We live under the rule of a kakistocracy, this was engineered by a corrupted election process.
The voter can only choose between two evils. even the lesser evil is indistinguishable from the worse! eg New Labour and Tony Blair…I rest my case!
Does anyone remember the euphoria when New Labour were first elected under the leadership of Tony Blair. or more recently Obama?
Voters can no longer distinguish between a choice of two evils, the lesser evil could be the greater evil? The electoral system was corrupted long ago!