Brexit Forensics: The gold export illusion
2017 ж. 27 Қыр.
340 093 Рет қаралды
Statistics often used by Leave campaigners during the EU referendum are heavily distorted by gold, a Sky News investigation shows.
Sky's Economics Editor Ed Conway reports.
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In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
Its also amazing that it's illegal for any citizen to go digging for gold. Mining for gold and keeping what they find even when it's on the land they wore born on...
Is that the law in the U.K ?
If that is the case, how can we truly own property if we are not allowed to harness the riches below it?
@@FowlorTheRooster1990 fun fact... most people here in the US don't even know they dont own the mineral rights below ground on their own property, unless it's stated on their deed that they do.
THERE ARE ONLY ANIMALS THAT HAS ALL THIS GOLD AND NOT GIVE POOR PEOPLE >>>> ST. LUKE 16>>> AND THE RICH MAN LIFTED UP HIS HEAD IN >>>>>***HELL****
The stolen gold from Asian region such as Malaysia, India and many more
THAT AFRICA GOLD
SO... WHERE DID ALL THIS GOLD COME FROM??
Tungsten and spray paint
Africa
@@jnn448 PRECISELY 💯
Stole it from africa
It's all stolen and looted
great reporting!
She did a lot of stealing!
@4:39 The Queen casually does not care about the massive loads of gold around her :-) Like a normal day at work.
That's a slightly odd way to phrase the situation; trading gold is a perfectly valid form of trade, it doesn't so much confuse the picture as impact upon it. While the question is raised, it's not answered, we don't know whether Brexit will or won't affect this market.
I think the point being made the inflow/outflow is distorting because there is no value being added benefiting UK plc except for a few delivery drivers, security guards and warehouse personnel.
@@oktfg Well, that's not actually the case, it does generate revenue, there's considerable industry and expertise involved, but there are also taxes and duties on the process. I believe it's actually classed as 'financial services' in terms of economic calculations, which, as we all know, is the largest contributor to the UK economy.
SELL GOLD AND BUY PLATINUM PRICE IS LOW NOW
Dam this is a really good report, and one I wish I had seen earlier.
🤞
what's the name of the background music?
lol the Bank of England has no gold of its own and already threw in the towel against the inflation fight.
They must RETURN our African & Indian Gold, soon it will start burning a whole in the UK’s & all of Europe’s pockets. 🙏🏿👏🏾
They didn't mention Africa
This goles all still from Africa we all know that all from Africa stilled from Africa in 1960 to 1970
Why do these gold bars look so fake? They just look like metal wrapped in gold wrapping paper.
What a surprise a Sky News report saying Brexit's going to be a disaster!
It is
@@mijicmugendo bollocks. It isn't anywhere near as bad as everyone was saying.
@@stephenhunt2701 🤦♂️ what is happening now is exactly what all the real predictions said would happen and they will continue to happen for years if not decades. The uk now goes from one crisis to another now!!
@@mijicmugendo most of them have nothing to do with Brexit. Covid and the Ukrainian war are/have caused most of the problems.
How ever it is not available in the sky !
Ehm the Dutch gold is also in Brittain..? I think it has been there since the war
😂😂
What's this song at the start of the video?
Tax Payer no church in the wild
That guitar line is sampled from something and it's bugging me too. I get the feeling it's some Phil Manzanera or 801, maybe Robert Fripp or Carlos Santana. I know I've got it somewhere. Mid 70's prog thing. Found it, it was Phil Manzanera - K Scope (First track from this album) kzhead.info/sun/iNqeoderboF7aas/bejne.html
it calls "they need us more than we need them" by Nigel Farage
As a general manager, investor, stockholder, it is best to preserved wealth, the way it is beyond one can decipher. Protection for the environment and natural resources are one of the interests that brings a lot of wonders. Extract certainties and realizations of details.
Ali kebab general manager? Lol
So what.....we have to trade outside the EU more and more now ...
I guessed i missed it. Why should gold not count as an export?
Because term "export" is used only for goods and Gold does not comes under the definition of Goods.
!!!!!!*** THIS EVIL WOMAN IS NOTHIN BUT ANOTHER KAREN>>>> A SLAVDRIVER THAT OWE BLACK PEOPLE ALL OF THIS GOLD!!!*****
Clearly Sky News know nothing about economics or international trade. 1. The gold came in from USA which technically counts as an import, it's the difference between import value and export value which is recorded as the export value. 2. Claiming a hypothetical "if the UK didn't export gold..." they do so argument over. 3. How is the UK supposed to export to the rest of the world when they're currently inside the common EU market, ie the rest of world pay higher prices than they would if they had deals with the UK. 4. How about we consider decline of British industries since the UK joined the single market, ie free access for firms to outsource in the EU and then wonder why our domestic production and hence exports have fallen, instead of blaming it, yet again, on brexit Again the British media cooking the books in terms of Brexit and only talk about one side of the argument
It’s still trade?
UK exports very little, banking services mainly and it will lose much of it with brexit
Yes, we are a net Importer of goods and net exporter of services. It doesn't take a genius to realise that we had an extremely healthy relationship with the EU that benefitted us hugely. Sadly, half the population don't even match-up to average intelligence. They just say "do it at home!" ... except Brexit meant we just gave up power to regulate corporations domestically. The EU bloc gave us x10 the buying power that we have independently. No corporations will take us seriously. The Gamons doomed us in their helpless ignorance.
SELL GOLD AND BUY PLATINUM PRICE IS LOW NOW
@@syamkumarkaturi9761 hahahahaha kumar time to go back home don’t think?
What a waste of energy
whats the intro music called?
Luciluc 1911 no church in the wild
@@eu-ss5yx
So we do export gold. Thanks for clearing that up.
Won't be for long when it becomes easier to export it from another country within the EU and better acces to Switzerland.
Gold is useful for industries, but looks tacky as a decoration.
It's useful but most of it is still used as commodity.
... poor Queen - no gold - and Diana on a pretty island.
Also, Scottish and Welsh products are masked as English since ENgland is the only port of entry and exit for trade (likely no coinicidence)
Can't eat gold.
True , UK like USA has always had a negative balance of trade..
No it hasn't
Britain stop shorting the gold market.
A couple of those bars up my cornwallace would be most great
I see
Use metric!!!
Jadi number rekening banyak
UK attack is Elizabeth not having for Prince George
No one mentioned Libya
Poorly explained geology
Why did he actually need to go to Nevada for a few seconds shot?
Maybe he didn’t. Why would they send him and his team over there for a week, business class and first class hotels, when they could have used trick photography?
So I import cars from Japan and sell them to Germany, thats not really an export to the EU? Really, don’t talk rubbish Sky.
And gold should be stripped out of these figures why, exactly?
It should not be stripped, only when people talk about the proportion of UK exports EU/non-EU. Here it would make sense to strip it because the UK does not produce (mine) gold and the gold trade emplys just a few hundred people. It distorts the view.
Gordon Brown former chancellor sells 395 tons of u k gold in his short term of prime minister..
Nice...
i told it to a few brits a year ago, they don't believe it
I guess we are all stuffed then.
brexit: the biggest robbery that tory ever conceived.
Closed the safe
So good for some what is bedroom tax and food banks
One earthquake and all is flat again!!!!
A gold as a life or the life as a gold.
STOLEN FROM AFRICA .... all the white fools that rule are thieves
my mind is clouded. it is widely known that the UK doesn't produce as much as it used to. its widely known though the we consume vast amount of produce from other countries whether that's spices, tea, cars or technology. so surely we have the upper hand in a trade deal as other countries need the UK market more than we need them.
Ofcourse China says same thing today but who cares about others
🤣🤣🤣🐑
Now eat gold and Diamonds
5.13 my gold phone
Britain is the world leader in looking after others Gold. Ha ha That's so funny. So a cat is responsible to take care of the gold fish.
for that reasen i don t like gold
Turning Rock Ore into Gold.
So, Britiain is no more Great...
gold or chips of plastic. Its still traded from the UK..
But not many jobs in it or profit as the price on a refined metal don't change much.
The point was the actual trade value isn't going to the UK, it's just being recorded there due to it being held there temporarily. And as gold is worth so much on its own this little economic quirk actually creates a huge distortion in the UK's trade figures.
Makes no sense strip out financial services from EU blurts!!!
Honestly can No one else see just how MAD the planet is? All this material here just laying there when it could be used for cabling in paramount infrastructure. What a waste of time, manpower, & resources just so some idiot can feel important. The human race truly needs to define priorities. Resources are dwindling.
Get into climate change plans and see how many resources it will cost , they don t even exist, but wil destroy nature and costs slave labour
It was stolen they have to hide their immense wealth, because they have taken from the poorest if poor.
COOL, BRILLIANT, IM SO GLAD WE ARE GOING TO BE POOR, THANKS SKY :D
Chris why....export gold its still a form of export
SELL GOLD AND BUY PLATINUM PRICE IS LOW NOW
Every person should own a couple of ounces of gold. Really important!
Nah!
I seen so many brits buying gold and diamonds from Dubai, I’m pretty sure they know the value of gold
@YaakovKatz Your argumentative prowess is astounding.
i have 1000 oz of silver and 100 oz of gold
CP K at least....the more the better
No rek pembangunan mesjid
Gold is such an unpredictable investment market.
Only coz the Rockschilds dictate it's worth every day
@@chrisreuben5592 Because it's a commodity with very finite supply, not your antisemitic conspiracy bs
Gold s under cabal in London
Lol
Robber Barron admiring her ill-gotten gains in the thumbnail.
Nomber rekening pembangunan mesjid
Khnow eat the gold and Diamonds.
Import export dlc
In other words the EU doesn't need gold but real aasets that are useful to LIVE
This hasn’t ages well
This hasn’t ages well
@@TheWillBify why?
cr4yv3n printing bare money in their stimulus package -not real money
@@TheWillBify they're not printing lol. It's a help from the west to the east.
All those gold's were stolen from ghana royal families must return them back to ghana.
Di jag
robber england
Gold is a worthless metal.
Then money is paper
yo give me some of that gold i need it
Dragons cover gold...
The financial capital of the whole world.
i respect what Richard Branson did with virgin, CME group on the other hand has some rather unsightly practices.. this is why i'm happy about brexit..
Britain probably own the land and the mines from the days of the British empire. That’s probably why they come to London first.
Not long for Brexit - can't wait
They said it correct BRITAIN is great at looking OTHER peoples gold
9-11 in America was the start of brexit when they stole all that gold from the Twin Towers
They stole that gold. Hahaha now queen is died. Tell that to angel how hell feel
Closed this safe we have cases file
So she's got the girl from India and Pakistan as part of her crown jewels makes me wonder she couldn't have collar from the back garden
Allong with being the centrre of gold transactions Britain is also the clearing house for the €uro which reperesents €trillions annually for which the UK earns £hundreds of millions or £billions in commission. In the shotgun to the foot that is brexit, Britaion will lose this post brexit as the Clearing House is moved to Paris or Frankfurt.... Great Britain post brexit 'little england.'
Leave means leave
Dishwasher means dishwasher!
And what about all the bilateral trade agreements the EU have with countries outside the EU? Britain benefits from those deals
What a ridiculous film, like saying 'well if we exclude cars the UK isn't such an important export market for Germany'. And note what the business owner says about the future of the gold industry' 'Taxes imposed by the US or EU drives the market to the east'. Outside the EU the UK can protect such industries from EU taxes and regulation. What has happened to sky news. Worse than the BBC.
"What has happened to sky news. Worse than the BBC." Considering that Sky News is owned by arch brexiteer Rupert Murdoch, this anti brexit slant is quite a surprise to say the least
I Think the real issue is that the EU just banned good old spicy memes
If the UK leaves the single market sure we'll have more control over taxes trading around the world. But the EU would certainly tax any British trade, so I don't think we're gaining anything where taxes are concerned.
Isn't gold tax free, unlike cars?
SwenFE "Capital Gains Tax is only payable if an investor realises over £11,300 of profit in one financial year." Grabbed from a UK gold trading site :)
well we all know where this gold coming from....... stolen from Africa.... brought to America!!!
Wow😃😃😃really great amazing😃😃😃
"Paint the tungsten bars gold then whack em in the RBS vault" - Gordon Brown
UK is a service hub and London benefits greatly as a service centre for the EUROPEAN UNION in particular and BREXIT wants to jettison that priceless status.
Unfortunately most of the people voting/the public where poorly informed. Not dumb people as I know doctors that voted leave but politically uniformed and not fully aware of it.
Service to a country in the world.
Saying that most people who voted out were poorly informed is a standard remainer complaint and is untrue. British people voted for their own sovereignty which had been given away to Europe time and again with out a vote. The European economy is dying and wave after wave of mass third world immigration is destroying the place. Britain does not want to be part of that. On the economic side the world market is vastly larger than the EU and Britain has centuries of experience trading with the whole world.
red knows everything, i think he is a school teacher or something.
Thats why Brits already trained up ( not ) the thousand customs officers needed after Brexit to just keep the trucks handled coming to Dover every day.... I see the centuries of experience in trading already in full swing. Maybe it`s time to ask around the world if some 3rd world countries are willing to get colonized ( robed ) again by Brits ?
Im against it tbh ur drilling hole on the groundare u gonna put all the dirt back
Lol m25.