The Lemon Fool

Posted: **July 31st, 2017, 7:43 pm**

That was as of March 31, according to the LBMA, which plans to start releasing the figures each month. In total, 7,449 metric tons of gold plus a further 32,078 tons of silver worth $19 billion.

Posted: **July 31st, 2017, 8:13 pm**

Tradeable wealth.

Posted: **August 1st, 2017, 7:03 pm**

Also very ethical. Holding gold one doesn't hoard anything useful for production or consumption, say, one was hoarding loaves of bread in a garage or farm machinery in a hangar - how stupid and destructive would that be...hoarding gold might just be stupid... :lol:

Posted: **August 2nd, 2017, 8:10 am**

Inv35t wrote:

What Issac was recorded as having said millennia ago (Talmud Baba Metzia 42a) is perhaps as sound today as ever

One should always divide his wealth into three parts: [investing] a third in land, a third in merchandise, and [keeping] a third ready to hand

It's not in the financial sectors (largest/most highly valued/rewarding) interest however to sales pitch that.

...and if in that time someone had hammered out a gold coin, it would still have value today

We are living in strange times - the US dollar is starting to lose it's shine, debt everywhere is rising and the government's monetery policy is not working anymore. Our economic recovery is based on consumer spending and this is now running out of steam:

Unsecured consumer credit tops £200bn for first time since 2008

Figures come as FCA targets unauthorised overdrafts and high-cost lending to people less likely to be able to pay off debt

https://www.theguardian.com/business/20 ... oan-market

The Lemon Fool

Gold Worth $298 Billion Stored in London Vaults

Gold Worth $298 Billion Stored in London Vaults

Re: Gold Worth $298 Billion Stored in London Vaults

Re: Gold Worth $298 Billion Stored in London Vaults

Re: Gold Worth $298 Billion Stored in London Vaults