Royal mint to sell PAPER!

[DarkChameleon]

15 hours ago, Xander said:

Gold of course

Thick plate too, no cheap stuff here...lol.

[RoughDog]

16 hours ago, 5huggy said:

made of WHAT?????😉

Watered down pi££

[westminstrel]

They’re already selling paper...

https://www.royalmint.com/gifts/stationery-and-books/gift-wrap-set/

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Added 0 minutes later...

They’re already selling paper...

https://www.royalmint.com/gifts/stationery-and-books/gift-wrap-set/

[tallyhojim]

18 hours ago, ittle5huggy said:

@Xander was the count done one by one with a revolving door ? 🤣 not doubting but other reports have had gov's turning up to see their holdings to be shown a stack and told there it is....... how about a nice lunch..... bit like the old now you see it now you don't

It was done by Countdown Whiz Diane Abbott whilst having her head pushed into a pillow by Jeremy Corbyn.

Oh God, I can't believe I just visualised that...........🤮

[RacerCool]

On 16/09/2019 at 10:14, mr-dead said:

"Backed by gold stored in the mint’s vault."

 

at what ratio, I bet it's not 1:1.  why sell your physical gold once when you can sell the same gold as a paper promise several times over.

Isn't that called "fractional reserve banking" ?

LOL They have no shame whatsoever. 

[AuricGoldfinger]

On 16/09/2019 at 22:12, Xander said:

They reckon there is 400,000 Bars stored in the mint. 

Yeah but it’s not all the UKs!

[Magritte]

I wonder, how much gold the Bank of England and fed reserve really have 🤔 they have never revealed the actual amounts by my reckoning and yet China and Russia buying up more and more gold each year to push back on the dollar $€£