Gordon Brown and his advisers ignored experts' advice and sold 400 tonnes of British gold reserves in a pre-announced sale that helped drive the price received paid for the gold down to a 20 year low. Gordon Brown managed to achieve a price of under $300 an ounce for the gold, the price of gold has just breached the $1,500 per ounce level. I calculate that as 1 tonne equates to 35,273.9619 ounces, Gordon Brown and his advisers including Ed Balls and Ed Miliband have lost the country around $16.9 billion which is around £10.3 billion - that's £10,300,000,000 - so far on this deal.
Gordon Brown - economic genius fit to lead the IMF or dangerous idiot who preferably should stand trial for his reckless stupidity or at least face the deserved ridicule of this country?
I have posted before on this matter and will do so again. The BBC however will not remind us of the stupidity of Gordon Brown in selling gold to 'achieve a better balance in the portfolio by increasing the proportion held in currency' as protecting Labour from attack is one of their top priorities.
Gordon Brown - economic genius fit to lead the IMF or dangerous idiot who preferably should stand trial for his reckless stupidity or at least face the deserved ridicule of this country?
I have posted before on this matter and will do so again. The BBC however will not remind us of the stupidity of Gordon Brown in selling gold to 'achieve a better balance in the portfolio by increasing the proportion held in currency' as protecting Labour from attack is one of their top priorities.
1 comment:
Please let him 'run' the IMF. It would do more for freedom than anything else I can think of and this includes killing the political class en mass!
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