Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Just coincidence? Queen is trotted through Bank of England's gold vault

IMG Auteur
Published : December 17th, 2012
418 words - Reading time : 1 - 1 minutes
( 6 votes, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...

 

 

 

 

Maybe it's just a coincidence but maybe instead it's a propaganda campaign launched by the British government and the Bank of England to assuage growing international concern about the oversubscription, lending, and swapping of Western central bank reserves.

First, a few days ago, the Bank of England invited videojournalist Brady Haran and University of Nottingham chemistry Professor Martyn Poliakoff to tour its gold vault for a fascinating lecture in which the professor discussed gold's remarkable qualities. (Of course gold's most remarkable quality, politely overlooked by the professor, may be its capacity to replicate itself to infinity in the hands of a central bank -- just like ordinary money.) The Guardian's report of the tour, along with a link to the video made about it, is here:

http://www.guardian.co.uk/science/grrlscientist/2012/dec/10/1

And then today the Bank of England welcomed Queen Elizabeth II herself for an even grander tour of its gold vault, which attracted all the major British news organizations and instantly became a sensation throughout the United Kingdom.


The Telegraph's story is here:

http://www.telegraph.co.uk/news/newsvideo/royalfamilyvideo/9742780/Queen...

The Evening Standard's is here:

http://www.standard.co.uk/news/uk/dont-do-it-again-prince-philips-advice...

But perhaps most interesting is the Daily Mail's account, since it is accompanied by the most photographs and is headlined with what may have been meant as a bit of a joke but what actually is the crucial question of the hour, never officially asked: "How Much of This Is One's Own Gold?":

http://www.dailymail.co.uk/news/article-2247578/How-ones-gold-Queen-insp...

How much indeed? For as recently as last year the Bank of England insisted on secrecy for its gold market activities, including leasing, which the bank said it discontinued in 2007; swapping, on which the bank did not comment; and transactions involving other central banks whose gold is vaulted or said or thought to be vaulted at the Bank of England:

http://www.gata.org/node/10778

Of course one can't expect the queen to be familiar with such obscure detail. She has spent her life not studying economics but, far more tediously, gladhanding for the British government, and when she was trotted through the gold vault today it was her job to accept the most superficial and patronizing answers from bank officials about how the disaster in the world financial system could have been allowed to happen. But they did let her see the gold -- somebody's gold anyway.

Now if only the queen could get an invitation to tour Fort Knox. Could those Australian radio pranksters be persuaded to do just one more royal impersonation in a phone call to the Treasury Department? Or would that risk Secretary Geithner's suicide?

 

 

Data and Statistics for these countries : United Kingdom | All
Gold and Silver Prices for these countries : United Kingdom | All
<< Previous article
Rate : Average note :5 (6 votes)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
I'm still awaiting the day when the Fort Knox gold plated tungsten bars are offered on e-bay with a 99c starting bid plus $50 carriage each !
Latest comment posted for this article
I'm still awaiting the day when the Fort Knox gold plated tungsten bars are offered on e-bay with a 99c starting bid plus $50 carriage each ! Read more
Artboard - 12/17/2012 at 7:12 PM GMT
Top articles
Latest Comments
Silver Demand Ready To Explode
10 DecS W.
Same old, same old story from AH. Silver is going to go to the moon. Buy it while you still can. So you can make a lot of dollars when ...
Gold coins: the United Kingdom´s...
08 Decflup
I think that Estonia is VAT free for legal tender silver.
The Deepening Deep State
10 DecJim C.
Kunstler wasn't concerned about 'The Deep State' when he voted for Obama...since Obama's agenda seemed to coincide initially with Kunstler's own. ...
Documents Prove Massive Rigging ...
09 DecThe Recusant
Yes, yes. the PMs are manipulated. Perhaps some bank will have its wrist slapped. Then everything will return to normal. More price fixing and bank...
Silver Demand Ready To Explode
09 DecThe Recusant
Sorry Andy, but I don't believe in Santa anymore either. Believing silver "must" explode is no different than the market "must" implode. I've been ...
Guest Post: How to Trigger a Sil...
09 DecThe Recusant
Well, there you have it. Blatant manipulation and cover up by the CFTC and DOJ. So, what else is new? Let's see what Trump will do to stop this! [s...
Indian demonetization effect: 15...
09 DecJ T.
From reading the comments at the end of the article mentioned above in economictimes.indiatimes, the people who read it, if they actually did, are ...
India Confiscates Gold, Even Jew...
09 DecJ T.
Hopefully the naive, or ignorant, or worse, willfully ignorant, who have swallowed (once again) the MOP's lie (that's the Ministry of Propaganda......
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS