Posted MAY 30 2012 by JAN SKOYLES in BUY BRITAIN’S GOLD BACK, ORIGINAL COMMENTARY
"This month, The Real Asset Company announced the launch of a new campaign to Buy Britain’s Gold Back.
"The aim of the campaign is, in short, to get individuals to buy back their share of the gold which Gordon Brown sold. We hope to show that gold investment is entirely accessible. For instance, to buy back your share of the gold which Gordon Brown sold, it would cost you less than £500 (at current gold prices).
"But why should you care? Why should you buy gold bullion?
"Well, it’s all very well saying that it isn’t our fault that 395 tonnes of gold was sold over a decade ago, and so we should get the government to buy it back. But, as one MP pointed out to me, the government doesn’t have any money. They are running around shouting about the need for austerity, so they’re not likely to see it as a positive move for them to be spending £13 billion on an asset which does not, in the short term, directly impact the electorate.
"As recent events have shown, politicians and their economists aren’t great at predicting what the best remedy for this situation is. This isn’t so surprising considering that it was their policies and election friendly spending which got us into the financial crisis.
"The problem is, worryingly, that the majority of politicians don’t even truly understand how the monetary system works but they believe they can fix it with yet more debt, achieved through money printing – the medicine which placed the UK as the West’s most leveraged nation in the first place.
"The Real Asset Co believes it is time to start taking our money back into our own hands in placing it outside of the banking system in an asset which is tested and proven as the best store of value during financial crises. ..."