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
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!”