The Fraudulent Nature of the Bank of England Revealed in Plain Sight.

in #money6 years ago (edited)

As a collector of old bank notes from all around the world, I came upon some Bank of England £1 promissory notes tonight and at the same time, I realized that the gold sovereign coin is still legal tender for £1 which means one could pay for the Saturday edition of the Daily Mail with a gold sovereign. To do so, of course, would be very foolish as one can get over £200 Bank of England promissory notes for selling a gold sovereign to a bullion dealer.
£1note.JPG

The £1 Bank of England note has not been legal tender since 1984 but according to Wikipedia "The Bank of England will exchange old £1 notes for their face value in perpetuity." So if the Bank of England Chief Cashier Promises "to Pay the Bearer on Demand the Sum of One Pound" and that said pound has the same nominal value as a gold sovereign does it not follow that the bearer of that £1 note should be able to redeem it for a gold sovereign with the Chief Cashier of the Bank of England?

The Bank of England will exchange a promissory note in perpetuity!

perpetuity.png

The gold sovereign still has a nominal value of £1 pound.

NominalOnePound.png

The gold sovereign is still legal tender:

LegalTender.png

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