Gold gold gold gold ...
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. . . gold! gold!! | 'There is already plenty of gold: the vaults of the New York Federal Reserve contain 507,000 bars, worth about $510bn at this week's prices (the weight is borne by the bedrock of Manhattan island, 15 metres beneath sea level). London's vaults, including those of the Bank of England, hold another 8,650 tonnes, worth $690bn. A lot of gold is mined ... |
... and then buried again.' |
Gapper, J. A new gold rush reflects the world's deep worries. FTWeekend, 24/25 August 2024. p.11.