Chart usGOLD   Chart usSILVER  
 
Food for thought
It takes two to speak the truth: one to speak, and another to hear
Henry David Thoreau  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1280.70-0.10
Silver 19.410.00
Platinum 1416.500.50
Palladium 883.00-2.25
WORLD MARKETS
DOWJONES 17001-37
NASDAQ 45396
NIKKEI 15539-47
ASX 56417
CAC 40 4253-40
DAX 9339-62
HUI 238-1
XAU 990
CURRENCIES (€)
AUS $ 1.4218
CAN $ 1.4488
US $ 1.3241
GBP (£) 0.7988
Sw Fr 1.2095
YEN 137.6700
CURRENCIES ($)
AUS $ 1.0737
CAN $ 1.0942
Euro 0.7552
GBP (£) 0.6037
Sw Fr 0.9133
YEN 103.9300
RATIOS & INDEXES
Gold / Silver65.98
Gold / Oil13.72
Dowjones / Gold13.27
COMMODITIES
Copper 3.210.03
WTI Oil 93.36-0.60
Nat. Gas 3.88-0.05
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
The Queen Inspects Other Countries’ Gold
Published : December 17th, 2012
171 words - Reading time : less than a minute
( 8 votes, 5/5 ) Print article
 
    Comments    
Tweet
Keywords :   Gold | Vault |

 

 

 

 

So, the Queen visited the Bank of England’s gold vault the other day, the latest development in a curious effort in the U.K. to assure the rest of the world that the bank still has lots and lots of gold.

Of course, it’s not England’s gold.

Only 310 tonnes of the reported stash of 4,600 tonnes belongs to the Bank of England. The rest it just stores for other nations who, increasingly, have been asking questions about it and making noise about wanting to take some or all of it back, to be stored within arm’s reach … just in case.

 


 

At least one website was conducting a caption contest for the photo above and, I’m sure you’ll agree, that look on her face is just crying out for some words to be associated with it.

Here’s my suggestion: “I can’t believe we let Gordon Brown sell off half of our gold a decade ago at around $300 an ounce. What’s gold trading at these days? About $1,700 an ounce? Unbelievable!”

 

 

Tweet
Rate :Average note :5 (8 votes)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
8/17/2014
8/15/2014
8/15/2014
8/14/2014
8/14/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer