Got a credit card? use our Credit Card & Finance Calculators
Thanks to GrahamPlatt,gpadsa,Steffers0,lansdown,Wasron, for Donating to support the site
Gold Worth $298 Billion Stored in London Vaults
-
- Lemon Slice
- Posts: 367
- Joined: November 10th, 2016, 9:15 pm
- Been thanked: 103 times
Gold Worth $298 Billion Stored in London Vaults
That was as of March 31, according to the LBMA, which plans to start releasing the figures each month. In total, 7,449 metric tons of gold plus a further 32,078 tons of silver worth $19 billion.
-
- Lemon Quarter
- Posts: 2156
- Joined: November 4th, 2016, 11:21 am
- Has thanked: 288 times
- Been thanked: 282 times
Re: Gold Worth $298 Billion Stored in London Vaults
Also very ethical. Holding gold one doesn't hoard anything useful for production or consumption, say, one was hoarding loaves of bread in a garage or farm machinery in a hangar - how stupid and destructive would that be...hoarding gold might just be stupid...
-
- Lemon Slice
- Posts: 267
- Joined: November 12th, 2016, 11:05 am
- Has thanked: 18 times
- Been thanked: 124 times
Re: Gold Worth $298 Billion Stored in London Vaults
Inv35t wrote:
...and if in that time someone had hammered out a gold coin, it would still have value today
We are living in strange times - the US dollar is starting to lose it's shine, debt everywhere is rising and the government's monetery policy is not working anymore. Our economic recovery is based on consumer spending and this is now running out of steam:
https://www.theguardian.com/business/20 ... oan-market
What Issac was recorded as having said millennia ago (Talmud Baba Metzia 42a) is perhaps as sound today as ever
One should always divide his wealth into three parts: [investing] a third in land, a third in merchandise, and [keeping] a third ready to hand
It's not in the financial sectors (largest/most highly valued/rewarding) interest however to sales pitch that.
...and if in that time someone had hammered out a gold coin, it would still have value today
We are living in strange times - the US dollar is starting to lose it's shine, debt everywhere is rising and the government's monetery policy is not working anymore. Our economic recovery is based on consumer spending and this is now running out of steam:
Unsecured consumer credit tops £200bn for first time since 2008
Figures come as FCA targets unauthorised overdrafts and high-cost lending to people less likely to be able to pay off debt
https://www.theguardian.com/business/20 ... oan-market
Who is online
Users browsing this forum: No registered users and 2 guests