Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Gold at $736, Silver at $13.35, the HUI at 400! | Main | Silver Futures Spread Bet brings 100% profit »

The Bank of England hits the panic button

Bank of England 20sep07
The Governor of the Bank of England lost his nerve yesterday and flooded the capital markets by providing a further £10 billion of emergency money.

Merv King 20sep 07

Mervyn King who a few short weeks ago appeared to have found his backbone by standing steadfast and not coming to aid of the ‘free’ market, panicked.

The Bank of England will accept "mortgage collateral" following the US Federal Reserve and the European Central Bank in an attempt to soften the blow highlighted by the troubles up there in Newcastle with the Northern Rock.

The printers roll and more paper money is created thus fanning the flames of inflation and sending more investors into the arms of that historically safe haven GOLD, which is trading at $733.70 as we write.

Have a good one!

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>