Gordon Brown decided to sell more than half of Britain’s gold reserves at the lowest prices for 20 years and he carried on selling when the prices were going down. If he had kept hold of the reserves, Britain would be £7 billion better off. Oops.
http://www.iii.co.uk/articles/articledi ... d=1009575711 May, 2010
12:03 - Gold was shining brightly on Tuesday, trading less than 1% short of a new all-time high.
The precious metal was priced at $1,216 an ounce, not far from the $1,226 record set in December last year.
Gold was once again seen as a safe haven amid fears that that the $1 trillion loan package to help heavily-indebted European countries may not be far reaching enough.
Bullion has notched up 10% so far this year on fears that Greece's debt crisis might spread to its European neighbours.
Goldfinger Brown’s £2 billion blunder in the bullion market
http://www.timesonline.co.uk/tol/news/p ... 655001.eceGordon Brown accused of cover-up over gold sale
http://www.telegraph.co.uk/finance/7542 ... -sale.html