Today King World News takes a look at what caused the Bank of England to halt gold leasing in a panic.
If you look at the following chart, which is quite astonishing, it shows the Bank of England halted gold leasing in 2008, as fear gripped the world and the level of financial panic was skyrocketing:
If you look at the chart above, one has to wonder, if gold really is a ‘barbarous relic,’ why did the Bank of England suddenly halt gold leasing as the world plunged into financial chaos?…
Continue reading the KWN piece below…
As the world was still reeling with fear from the financial panic, England sent the Queen and the Duke to the Bank of England’s vault to tour the gold hoard in a publicity stunt and ran the headline: “The Queen and the Duke toured vaults piled high with gold bullion worth billions of pounds and briefly inspected some of the slabs.” (see picture below).
The bottom line is that when the shit hits the fan, nobody cares about paper and everyone with a brain, including apparently the Bank of England, hoards their gold and refuses to part with it.
If anyone would like to view this, here is the link to the Bank of England’s website confirming they halted gold leasing since the panic of 2008 CLICK HERE. ***KWN has now released the outstanding audio interview with Bill Fleckenstein, where he covers the major markets, including gold and silver and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has also just released the extraordinary audio interview with Nomi Prins, where she discusses the coming financial destruction that is in front of us, what is going to make the price of gold skyrocket, what investors can do to protect themselves and much more by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Small Speculators Gamble On Stock Market Decline By Taking All-Time Record Short Position In Stocks – See Stunning Chart CLICK HERE.
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