Recession, what recession?.

You’ll find it in the Wash, with the rest of the fortune that the then-King lost.

I think Edgar, if memory serves me correct, and I assume your talking about King John, crossing the Wash from Wisbeach,that a Gold coin, of his reign was found on a sandbar in the Wash by a boat fishing for, (Dredging) for cockles,

Personaly, looking at Ye Olde maps, his route would have been overland at the time, with only a small bit of the Wash to cross. There was one particular day, many yrs ago when there was a particularly low tide, that somewhere where the two old lighthouses are, a man actualy walked across the river.So it may well be more than a fairy tale.

Jim.

Lincoln .7

Hmmm… I was just looking at a list of countries by “Foreign Exchange Reserves” (this includes things like bonds, gold and any other reserve asset a country might own)

…Does the USA not seem surprisingly low on the list? 😮 What ever happened to Fort Knox?

http://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

USA is still top as it has been for many years….

http://www.businessinsider.com/gold-reserves-by-country-2012-8?op=1

Does anyone know the truth? Can anyone speculate? Could this be a genuine hoax? I think we should be told.

You’ll find it in the Wash, with the rest of the fortune that the then-King lost.

Hmmm… I was just looking at a list of countries by “Foreign Exchange Reserves” (this includes things like bonds, gold and any other reserve asset a country might own)

…Does the USA not seem surprisingly low on the list? 😮 What ever happened to Fort Knox?

http://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

Just to put things into perspective if that £11billion in gold was all the money or income the UK had for next year…

…the UK would run out of money at about tea-time on 6th January!

Even if the whole £197billion belonged to the UK we’d only make it to about the 13th April 2013.

I think your right Warren, mind you, just one bar, (I’m not greedy) would have possibly fitted into my “Y” fronts, and gone unnoticed :rolleyes:
Jim.
Lincoln .7

Just heard on the radio, that there is a secret vault, under the Bank of England or nearby, that there is 197 BILLION GBP in GOLD bars stocked up.

I think somebody ‘on the radio’ has been watching this:

http://www.youtube.com/watch?v=CTtf5s2HFkA

Hardly a ‘secret vault’ and (unfortunately) most of the gold does not belong to the UK PLC; not sure when this was made but the UK has about 310 tonnes of gold…

…only worth about £11billion!

I don’t know how reliable this is but, there is a substantial rumour going around that at the end of WW2 about 60 large gold bars were buried in packing cases made from Canadian pine and placed under a bomb site that eventually became first a car park and then a Tesco supermarket.

Does anyone know the truth? Can anyone speculate? Could this be a genuine hoax? I think we should be told.

The best chap to ask about this John, is Gordon Brown, he has a track record for finding Gold to sell, at knockdown prices :rolleyes:
Jim.
Lincoln .7

http://www.bbc.co.uk/news/uk-20714197

The way Prince Philip was looking at one of those bars makes me wonder if they’ll be one less sitting in the vault tonight? :p

Don’t know about HRH Philip, but I did notice H.Ms Handbag seemed rather heavy as they were leaving.
Jim.
Lincoln .7

Fed EX?. 😀

Jim.
Lincoln .7

http://www.bbc.co.uk/news/uk-20714197

The way Prince Philip was looking at one of those bars makes me wonder if they’ll be one less sitting in the vault tonight? :p

I don’t know how reliable this is but, there is a substantial rumour going around that at the end of WW2 about 60 large gold bars were buried in packing cases made from Canadian pine and placed under a bomb site that eventually became first a car park and then a Tesco supermarket.

Does anyone know the truth? Can anyone speculate? Could this be a genuine hoax? I think we should be told.

I think you might be confusing this with the remains of Richard III, which might have been located under local council offices in Rangoon. There is still no firm understanding of how the remains got to the sub-continent in the 15th century……

I don’t know how reliable this is but, there is a substantial rumour going around that at the end of WW2 about 60 large gold bars were buried in packing cases made from Canadian pine and placed under a bomb site that eventually became first a car park and then a Tesco supermarket.

Does anyone know the truth? Can anyone speculate? Could this be a genuine hoax? I think we should be told.

Very good question. Actually it’s far worse than that – nearly £300 million. And would it have been stopped in 2015 without the public and media publicity, I wonder…..

Whilst on about Gold, India, is the largest purchaser of Gold in the world.However, we are giving them, until 2015 £15.000.000. or £16.000.000,each year, in aid, which begs the question, why?.

Jim.
Lincoln .7

Very true…………..

To put all this in perspective just remember that the entire world economy is based on the fact that gold is shiney.

No, I’ll bet you don’t!:diablo: But I was suggesting that the figures broadcast inflated the value of our gold reserves by a factor of nearly 20. Never let the facts get in the way of a good story, though………….;)

I heard no mention of who owned it, but I would imagine whoever had the one dated 1916 has passed on, however I don’t mind taking ownership of it;)

Jim.
Lincoln .7

At the last count the UK held about $14 billion in gold leaving us trailing well out of the top ten nations for gold reserves. Gordon Brown sold off about $19 billion at today’s prices during his Chancellorship.

I wonder if the figure you quote includes the reserves of gold the BoE holds on behalf of other countries.