Thursday, 3 April 2014

Spot which country isn't on this list of countries hoarding gold...

USA Today lists the 'Top 10 nations stockpiling gold'. The 10 countries are in reverse order  India, Netherlands, Japan, Russia, Switzerland, China, France, Italy, Germany, United States.

I note that the UK is not on that list, now who might be to blame for that?

Gordon Brown of course... As I blogged yesterday
'Gordon Brown - who employed Ed Miliband and Ed Balls as advisers during his years as chancellor - is often accused by opponents of selling off Britain's gold reserves far too cheaply.

He decided to dispose of almost 400 tonnes of gold between 1999 and 2002 - the majority of Britain's reserves - for between $256 and $296 an ounce, only to watch it soar up to $1,615 per ounce.' The article about today's PMQs is here. The whole truth is rarely to be found on the BBC anywhere.'

1 comment:

andy5759 said...

Caveat emptor: buy physical gold. Paper gold is no better than dollars or oy-rows. Sterling is a joke.