The now PM did a fantastic job when be became chancellor by selling a load of the UKs Gold Reserves.How much would that have been worth now?

stephen hulton, eure , france

Everyone who trusts his/her country's government to protect the value of its paper money raise your hand. All right, those few who raised their hands need to bone up on history. History convincingly demonstates every nation eventually inflates away the value of its own currency. For example, since 1913 the US dollar, the currency of the most powerful nation on earth, has lost 98% of its value. I need not remind the class what has happened to currencies in Europe, South America, Russia et al. at various times during the 20th century. The only real money is gold (and perhaps silver) which boasts a 6000-year history of preserving its value through every phase of the human drama: wars, plagues, revolutions, destruction of nations, rebuilding of nations, prosperity, depression, conflagrations, usurpations et cetera. Never in the history of humanity has gold ever been worthless. On the other hand, fiat paper money has a constant record of eventually or suddenly losing all or most of its value. Difficult times ahead. Buy some gold if you appreciate the lessons of history and understand that past is prologue. Class dismissed.

Thom Stephens, Indianapolis, USA Indiana

What is interesting is that most of the articles I have read so far state that due to the weak US dollar, the price of gold is going up.

Have a look http://www.thebulliondesk.com/ at the gold charts for US, EURO and GBP. You can notice the exact fluctuation of the gold price vs. $US is reflected in the gold price vs. EURO and GBP.

So, I'm not sure it's only the $US. It seems it's more to it.

Caca Maca, CacaMaca,

the us gov. will [whenever they want] take our gold from us[again] & issue more funny $$ & start all over again. it's already on the books [patriot act] etc. the avg. [peabrain ]american will cheer them as they do it.

eu bel, tampa, fl.

Gold is the yardstick against which all currencies are measured. Gold was the yardstick, is today the yardstick and probably always will be. Everyone should own part of the yardstick.

Mark Lynch, Charters Towers, Queensland, Australia

We all, especially in the USA, need to be our own individual central bankers and hold our own physical gold and silver!!

scott, Atascadero, CA/USA

Thank goodness some countries have some sense.
Imagine in a time of inflation, potentially hyper inflation, that a country would sell its gold! These western countries have been breathing their own air so long they actually believe that the world will always trust them not to print too much paper currency and thereby inflate their currencies. It ain't possible! The central bankers are human and the politicians do not understand economics...only what it takes to get elected in the next election. Go Russia, China and Qatar. Phooey on the folly of the IMF, Europe, and the US!
Finally, buy gold and lots of it ASAP!! The Europeans & Americans seem to think that everyone will continue to believe their numbers as they lower interest rates. Maybe they are not breathing their own air but instead smoking something. This is just silliness!! And scary as all heck because everyone seems to be leaning on the US dollar and the US can not even balance its own budget or rein in its empire building.

DenisL, Galveston, Texas

Everyone should hold at least a little bit of gold!

egoroffn, Orlando, USA