The QUEEN takes a Tour of the GOLD VAULT at The Bank Of England Its a shame its not all ours
SUBSCRIBE for more like this - http://www.youtube.com/LUXETTI The QUEEN takes a Tour of the GOLD VAULT at The Bank Of England Its a shame its not all ours The Queen and the Duke of Edinburgh have seen some of nations gold reserves during a visit to the Bank Of England. Outgoing Bank of England governor Mervyn King said the Royal couple had met the unsung heroes of the British economy during their tour. The queen was in her counting house on Thursday afternoon, inspecting the Bank of Englands gold, as well as posing a few financial questions to the institutions economic grandees. The Royal, who famously asked why did nobody notice it? four years ago at the London School of Economics during a discussion on the 2008 financial crash, also suggested that the financial services authority (FSA) had become a bit complacent before the crisis. queen bank The Queen toured the vaults at the Threadneedle Street bank People had got a bit... lax, had they? she asked in regards to the banking regulators. A lot was going on under the surface that perhaps regulators werent so focussed on, one of the banks economists responded. The Financial Services - what do they call themselves, the regulators - Authority, which was really quite new... it didnt have any teeth, she replied. Touring with the Duke of Edinburgh, the royal again asked why no one predicted the 2008 financial crash and subsequent downturn. Stepping forward to answer her majesty, Sujit Kapadia, who sits on the Banks Financial Services Committee, offered a three-fold reason, likening the financial crisis to an earthquake, both being rare events that make them hard to predict. 2012 gold city london money visit bank england talk guide tour answer question economy economic crash regulation regulator issue vault bank vault bullion gold bars gold bullion bank of england statement uk united kingdom gb great britain royal royalty elite storage money cash fiat currency london england reserves loan control markets price
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