🔥🔥🔥Bank of England defaults on technical gold deliveries
The Bank of England has defaulted on its technical gold deliveries, revealing that its gold reserves only existed on paper. The gold market is in turmoil as prices hit record highs and investors buy gold at record rates. This is where the problem has arisen: there is no gold to be found.
The Bank of England has issued a statement saying it can only deliver gold to customers within 4-8 weeks, which is illegal under the law requiring delivery within 14 days.
Analysts are shocked: the state claimed to be holding gold for which money had been paid, but now it turns out the vaults are empty. Investor Maguire has even addressed the British Parliament, asking why the government is ignoring the gold market default.
Instead of using the term "default," the British media has adopted the euphemism "shortage."
