Replying to Avatar 157mm751

How does this play out? Worse case scenario they don’t have a lot of the gold sovereigns have paper claims to. Then what? Curious what you think happens if/when the bank if proved insolvent on there good deposits.
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Hazey 11mo ago

If it wasn't clown world, then they would go bankrupt, stiff their creditors, and disappear forever.

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157mm751 11mo ago

Because this is clown world. BoE prints money to make creditors whole? Imagen from there the price of gold rally’s after a shakeout of paper gold. Is that what you’d expect to happen?

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Hazey 11mo ago

They can't return the gold in paper because creditors already have paper. If it's a real din, I don't think the clowns can fix it, other than make redeeming gold illegal. 🤡

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Hazey 11mo ago

run*