Sunday, September 30, 2007

Bank of England admits its gold reserves aren't in mint condition

IT has long been the plaything of kings, the spoil of conquerors and supposedly the safest investment money can buy, but for the people of Britain, the national nest-egg might not quite be what it appears.

Hidden away in vaults under the City of London, Britain's hoard of gold bullion - seen as the best insurance against turmoil in global money markets - is beginning to crumble. The deterioration, some experts claim, might suggest that it is not pure gold. ...

Click Here

No comments: