The aim of a visit to the Bank of England by Prince Charles was, ostensibly, to 'recognise and celebrate the Bank's mission to promote the good of the people of the UK by maintaining monetary and financial stability', reports The Daily Mail.
During his tour of the building, Charles was given a private viewing of more than £100 billion (USD$126 billion) worth of gold.
The underground vault at the bank contains around 400,000 gold bars, each weighing around 13kg and worth £366,501 ($USD461,644) at today's price.
-RW
(via Smaulgld)
If the fiat money is not backed by the metal, then why keep it at all?
ReplyDeleteFor when the fiat money inevitably falls apart.
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