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.
What's happening in the gold markets is insane.
We're witnessing a run on the Bank of England's gold.
Discussion
If it wasn't clown world, then they would go bankrupt, stiff their creditors, and disappear forever.
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?