Although the British-based bank has decided to stop retail investors depositing the shiny stuff at its New York vaults in favour of storing gold for higher paying institutional customers, it has not stopped the rest of the world from clamouring to join the gold rush.
From the Indian central bank - rumoured to be buying another 200 tonnes from the International Monetary Fund - to hedge fund manager John Paulson - in the process of setting up a new gold only fund - everyone is buying gold. Even Harrods is getting in on the act by selling gold bars. Changed days from the end of the last decade when the UK joined other parts of the world in ending the "gold standard"....
Well, yesterday, gold hit a new high in the NY commodities market, over a $1,000 a troy ounce.
Acts 3 6 But Peter said, "I do not possess silver and gold, but what I do have I give to you: In the name of Jesus Christ the Nazarene-- walk!" 7 And seizing him by the right hand, he raised him up; and immediately his feet and his ankles were strengthened. 8 And with a leap, he stood upright and began to walk; and he entered the temple with them, walking and leaping and praising God.---NASB