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
In the same category

The Queen Inspects Other Countries’ Gold

IMG Auteur
Published : December 17th, 2012
171 words - Reading time : less than a minute
( 8 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : 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!”

 

 

<< Previous article
Rate : Average :5 (8 votes)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Claude Resources(Au-Cu-Ngas)CRJ.TO
Increases Land Position at the Seabee Gold Operation and Consolidates Two Joint Venture Agree
CA$ 0.69+1.47%Trend Power :
Exploration and drilling
Eldorado Gold(Au-Fe)ELD.TO
Receives Project Permit Approval for the Eastern Dragon Project
CA$ 5.01+1.42%Trend Power :
Exploration and drilling
Gran Colombia.(Au)GCM.TO
Voting Results of the Annual Meeting of the Shareholders of Gran Colombia
CA$ 0.32+0.00%Trend Power :
Corporate news
Guyana(Ag-Cu-Ni)GPM.V
GPM METALS INC. announces Results of 2015 Annual Meeting
CA$ 0.12+8.70%Trend Power :
Corporate news
Talon Metals(Au)TLO.TO
announces results of AGM
CA$ 0.15+0.00%Trend Power :
Corporate news
Rockwell(Cu-Gems-Ni)RDI.TO
turns to the future after closing the Bondeo 140 cc acquisition
CA$ 0.23+0.00%Trend Power :
Corporate news
Centerra Gold(Au)CG.TO
and Premier Gold Announce Drill Results
CA$ 7.24-1.36%Trend Power :
Corporate news
Wesdome(Cu-Au)WDO.TO
Confirms Continuity of the S50 East and Presqu'Ile Zones at Val d'Or Properties
CA$ 1.05-1.87%Trend Power :
Corporate news
Fortune Minerals(Ag-Au-Co)FT.TO
Announces Results of Annual Meeting of Shareholders and Provides Update of Revenue Silver Min
CA$ 0.04+0.00%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Releases 2014 Sustainability Report
CA$ 20.28-0.20%Trend Power :
Corporate news
Comments closed