Brown's bottom...

[Jog On]

...is apparently the official nickname given to the event of Gordon Brown selling off most of the UK's gold at 30 year lows (apologies if you already knew this, I only just read it today).

Whether it’s the “gold corner” of 1869, the “gold pool” of 1968, Kissinger’s secret “gold dump” of the late 1970s, or “Brown’s bottom” (when the U.K. sold most of its gold at 30-year low prices) of 1999

If you happen to find yourself waxing lyrical about gold prices please don't hesitate to drop in "Brown's bottom"

[Paddy]

...is apparently the official nickname given to the event of Gordon Brown selling off most of the UK's gold at 30 year lows (apologies if you already knew this, I only just read it today).

If you happen to find yourself waxing lyrical about gold prices please don't hesitate to drop in "Brown's bottom"

On the fact of it, it was a stupid thing to do. But on the other hand it may be a blessing because most likely the gold only existed on paper.

When Germany asked the US for their gold to be repatriated they were not sent their original Bundesbank Gold Bars but instead an assortment from various countries.

[AtW]

When Germany asked the US for their gold to be repatriated they were not sent their original Bundesbank Gold Bars but instead an assortment from various countries.

It was difficult politically to return it as is

[greenlake]

When Germany asked the US for their gold to be repatriated they were not sent their original Bundesbank Gold Bars but instead an assortment from various countries.

It was difficult politically to return it as is

[quackhandle]

So Governments holding onto Gold is actually pointless?

The final word on Gordon Brown’s gold sell-off - Mirror Online

https://www.ft.com/content/5788dbac-...abdc0?mhq5j=e3

qh