Honest Money

Gold is Wealth Hiding in Oil

UK Freegold

Posted by Ivo Cerckel on March 3rd, 2012

Government should not peg tax policy to short-term moves in commodity markets,
says The Times this morning in a leader or editorial. (1)

Yes,
the United Kingdom of Northern Ireland and Great Britain needs Freegold..

Oil producers do exchange their petro-dollars,
which like the dollar itself have no value,
for gold.
Oil backing of currencies of oil-producing countries thus means gold backing.
http://bphouse.com/honest_money/a-single-currency-for-the-gcc/

The euro is the first currency that has not only severed its link to gold, but also its link to the nation-state., said European Central Bankster Duisenberg.in 2002 (2)

If the euro severed the link to gold, it thus also severed the link to oil.

But a chancellor named Gordon Brown sold half the pound’s gold reserves.

Yes,
it is about time to reverse Gordon Brown’s policies
and
sever the link of sterling to (gold and thus to) oil.

Ivo Cerckel
ivocerckel@siquijor.ws

NOTE

(1)
Petrol Pricing Pressure
March 3 2012 12:01AM
http://www.thetimes.co.uk/tto/opinion/leaders/article3338859.ece

(2)
International Charlemagne Prize of Aachen for 2002
Acceptance speech by Dr. Willem F. Duisenberg, President of the European Central Bank, Aachen, 9 May 2002
http://www.ecb.int/press/key/date/2002/html/sp020509.en.html

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One Response to “UK Freegold”

  1. Gary Says:

    Hello.

    The UK has been marking its gold to market for a long while now, but I noticed in its accounts that all of its gold holdings are now held by the government, rather than the Bank of England (a similar position to the US in that regard). I don’t think they are looking forward to freegold much.

    Oddly the UK’s gold reserves (and other reserves) are quoted in US dollars, which doesn’t help matters.

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