Queen on gold bars at Bank of England: 'Regrettably not all of them belong to us'


10:27a ET Tuesday, December 18, 2012

Dear Friend of GATA and Gold:

Becoming today the first British monarch to attend a Cabinet meeting since George III in 1781, Queen Elizabeth remarked on her visit last week to the Bank of England's gold vault, which was greatly publicized in the United Kingdom. (See http://www.gata.org/node/12030.)

In a receiving line at 10 Downing St., addressing the chancellor of the exchequer, the UK treasury secretary, George Osborne, the queen said, "I saw all the gold bars. Regrettably not all of them belong to us."

Osborne replied that Britain still has some gold left, and apparently that was that -- nothing about swaps and leases and the purposes thereof, particularly secret currency market intervention to sustain the Anglo-American financial establishment that is bankrupting much of the Western world. (See http://www.gata.org/node/12016.)

... Dispatch continues below ...


Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why

When Deutschebank calls gold "good money" and paper "bad money". ...


When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...


When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...


When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...


When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...

World opinion is changing in favor of gold.

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If any of our British friends happen to run into the queen -- and she does get around, being the most conscientious and selfless public servant in Britain -- they might let her know that GATA would be delighted to make a presentation to her about what her chancellor apparently won't tell her about her kingdom's gold and its former gold.

Of course under one of the basic U.K. laws -- is it the Act of Irrelevance? -- the sovereign and her immediate family are forbidden to do much more than serve as fodder for celebrity programs on television and the celebrity columns in the newspapers. But since there are no serious financial journalists anymore, one has to start somewhere, and if the queen could just keep talking about gold, maybe the issue eventually could break into "Inside Edition," "Entertainment Tonight," and People magazine if not "60 Minutes," "Panorama," and The Wall Street Journal.

The Telegraph's story about the queen's visit to the Cabinet meeting, posted at the link below, contains a 1-minute, 53-second video of the event, with the queen's exchange with the chancellor about gold coming at the 1-minute mark:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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