Current BOE Gold reserves are 310 tonnes of 9ct, 18ct and 21ct at todays market price.
UK Economy
I don't think that's anywhere near to £600 billionArchery1969 wrote: ↑Fri Nov 18, 2022 11:43 pmCurrent BOE Gold reserves are 310 tonnes of 9ct, 18ct and 21ct at todays market price.
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310 tonnes gold at varying carat quality, 100 tonnes gold under safe storage by private individuals and organisations, 100 tones or precious diamonds and other metals held in storage, £88 billion held in cash by individuals and organisations held on account.Archangel wrote: ↑Sat Nov 19, 2022 12:33 amI don't think that's anywhere near to £600 billionArchery1969 wrote: ↑Fri Nov 18, 2022 11:43 pmCurrent BOE Gold reserves are 310 tonnes of 9ct, 18ct and 21ct at todays market price.
My point is it’s way and beyond the £55 billion black hole and could be used over 5 years to fix things.
There is also a cash reserve to guarantee every physical paper not in circulation by default. That shy it’s written on said notes.
Vast sums of money, guilts, bonds, gold, diamonds, platinum and other precious commodities.
Next question, why do you think the BOE has never been robbed, ever ?
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Read somewhere that £120 Billions worth of public money is held in Premium Bonds. (20 million+ savers)
Maybe they could get creative and get that figure increased to cover the deficit.
Having said that, if everyone wanted their money back at the same time....
Maybe they could get creative and get that figure increased to cover the deficit.
Having said that, if everyone wanted their money back at the same time....
You may be right. I've noticed in my locality that it's clear a lot of people are not suffering a cost of living crisis. I see house extensions, tesla's, house cleaning services etc poppping up all over. But last time I checked my local community food bank has expanded and was oversubcribed.
Perhaps capitalism is failing. Or is it democracy? MP's turning their backs on politics to follow more lucrative options.
Strange times.
Sad really. Shared accommodation with a Polish couple and they were great. They came here to escape corruption and be judged on merit. Then we kicked them out. So we lost a project manager and office manager. And now employers are whingeing about labour shortages.
Rishi Sunak claims that Northern Ireland will have a great economic future as it will have unique access to EU markets which rest of UK wont
Great to see Rishi is so positive about the benefits of EU membership !
Great to see Rishi is so positive about the benefits of EU membership !
How do we express astonishment without expletives or blaspheming? I know! Look at the FTSE since 2016 compared to other recognised stock markets. Oh dear, oh dear!
Buffoon Boris is now saying "Brexit is nothing if we don't do things differently".
As we're not doing things differently, it's an admission that Brexit is nothing. Or perhaps he means Brexit will only work if he's PM, lying though his teeth and partying at Chequers.