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