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Reinstate the coverage of the cyrrency with gold reserve

Submitted on Saturday 8th October 2011

Published on Wednesday 19th October 2011

Current status: Closed

Closed: Friday 19th October 2012

Signatures: 2

Tagged with

Economy ~ England

Petition Action

Reinstate the coverage of the cyrrency with gold reserve

Additional Information

Since £ became a fiat currency it became possible and recently has been overused manipulating the currency' value.

The Bank of England prints £££ as response to current crisis.

It lowers the value of currency, boost-up inflation, destabilise the economy, market.

The only way to stop manipulation of currency' value and restoring self-curing economy is by requirement to cover the bank notes in use with the gold reserves.


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