*Bank of England Defaults on Technical Gold Deliveries — Paper Gold Exposed* The Bank of England has defaulted on its technical gold deliveries, revealing that its gold reserves existed only on paper. The gold market is in turmoil as prices hit historic highs and investors purchase gold at record rates, including from vaults in England. This is where the issue arose — there’s no gold to be found. The Bank of England issued a statement saying it could deliver gold to clients only within 4-8 weeks, which is illegal under the law requiring delivery within 14 days. Analysts are shocked: the state claimed to hold gold for which money had been paid, but now it turns out the vaults are empty. Investor Andrew Maguire even addressed the British Parliament, questioning why the government is ignoring the gold market default. The whereabouts of the gold remain unknown. Instead of using the term "default," British media have adopted the euphemism "shortfall." Business as usual.