Bank of England Virtual Tour is pretty neat - specifically the 360 degree rotatable picture of the main gold vault. 'Crazy to do from a security perspective', so interesting to consider the need for transparency was greater than the need for secrecy. The website/app is great fun for anyone liking shiny things.
I wanted to explore a few additional details, create a historical record for posterity and completely debunk the 1,300 tonnes of leased gold idea before it gains too much traction in the metals space. Primarily though, the main purpose of this article is to highlight extra detail - insofar as it helps reduce the social distance between us and that big stash of gold.
http://screwtapefiles.blogspot.com.au/2013/07/figured-it-out.html#more) that ‘GOFO negative out to 3 months, this has meant fireworks in the past!!’ and later that it had become negative through six months. That first observation engendered a flurry of related comments, but why?. What is the significance of that phenomenon? Well, to begin with, it is rare, having only occurred thrice in recorded history before this, in 1999, 2001, and 2008, and then only very transiently. In all three instances, the price of gold went higher, sharply but very briefly in 1999, and less steeply but more protractedly on the later two occasions..
So, the still burning questions are: ‘Will history repeat (or at least rhyme)?’ Or, ‘Is it different this time?’
Posted by Slow Loris Larry on Monday, July 15, 2013
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