Part 4/8:
Recent reports suggest that the Bank of England, one of the largest gold repositories in the world, is struggling to meet increasing demands for gold withdrawals. As requests pile up, the bank cites logistical challenges and security concerns, raising eyebrows about whether they truly possess enough gold to satisfy everyone. The narrative of a brewing crisis takes shape as industry experts speculate about the bank’s solvency and its growing inability to serve its customers promptly.
Retired Colonel Douglas McGregor has even weighed in, suggesting that the tensions brewing in London could soon arrive on American shores, igniting a crisis domestically. This makes one wonder about the historic reliability of gold storage establishments and whether the promises made to depositors are credible.