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Gold and cyber-security for Prince Charles

Prince Charles visited the Bank of England this week, following a visit in February to Clarence House by the Governor of the Bank of England, Mark Carney. It was his first visit since 2002, and his first tour of the Bank since 1979. However, when he sat at the Governor’s desk accompanied by Deputy Governors, Minouche Shafik and Ben Broadbent, the four of them were sitting at a table that was rumoured to date back to the origins of the Bank in the late eighteenth century. They discussed both how the Bank was run, together with recent market and policy developments.

Later, the Prince had a second private briefing regarding house price inflation and cyber-security. The lack of affordable housing is, of course, something which has been a problem all over the country and something which this Prince has tried to address through the Duchy of Cornwall, which has built new housing estates and a couple of mini-towns in the West Country. The visit was intended to “recognise and celebrate the Bank’s mission to promote the good of the people of the UK by maintaining monetary policy and financial stability”, according to Clarence House

The Governor also took the Prince to the Museum within the Bank, and they joined a visit from a school in Tower Hamlets who in addition to the usual treats including seeing a real gold bar, got to meet and ask questions of the Governor and the Prince.  “It’s great that he (Charles) came into the museum … it’s a wonderful opportunity for the children,” museum manager Laura Daniels said. The Prince was also shown the gold vaults where gold worth over £100 billion is stored.

The visit also gave the Prince the opportunity to meet all levels of Bank of England staff, not only the Governor and Deputy-Governors but also scholarship students and those tasked with making the Banks operation as environmentally-friendly as possible. He also met with members of the Bank’s diversity network, who felt that with a female CEO and Deputy-Governor the Bank was making steps in the right direction and proving what women could achieve when given a chance to take on a high-level post.

  • Mr. Christian

    Taking the “Financial Times” report on Weimar Hyperinflation going on now in Venezuela of 12/7/2016 into account; and, noting signs of Hyperinflation commencing in U.S. food prices as elsewhere, I recall a trip by the Queen and Duke of Edinburg to the Bank of England a few years back, when the Queen had wanted to know what was ailing the economy. They walked by many gold bars, until the Duke of Edinburg was asked to sign a Billion Pound note. He said: “Oh no. Not that again.” I have met at her very advanced age, one of the Roosevelt’s who helped to stop the Weimar hyperinflation when it was only occurring in Germany due to Versailles’ Treaty reparations imposed on Germany after WW I. But, if hyperinflation hits many nations simultaneously, as I have noted it began in England as well, the problem is far greater as Prince Phillip would likely realize.

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