Govt firesale

[Moscow Mule]

Perfect time for the financial genius Gordon Brown to sell off our massive store of gold, seeing prices are at an all time high, and use the money wisely to boost the economy.

http://www.timesonline.co.uk/tol/new...cle1654931.ece

Oh I see.

Only £2Bn - isn't that a drop in the ocean of our national debt?

[DimPrawn]

Only £2Bn - isn't that a drop in the ocean of our national debt?

If he sold the gold now, it would be a lot more than £2bn.

Do you actually read anything?

[Moscow Mule]

If he sold the gold now, it would be a lot more than £2bn.

Do you actually read anything?

I read this bit;

They have revealed that Bank of England officials had serious misgivings over the chancellor’s determination to sell 400 tons of bullion in a series of auctions between 1999 and 2002, when the price was at a 20-year low. Since then the price has almost trebled, meaning the decision cost the taxpayer an estimated £2 billion

I didn't see anything in there about that needing to be adjusted for inflation or today's gold prices.

[DimPrawn]

I read this bit;



I didn't see anything in there about that needing to be adjusted for inflation or today's gold prices.

Now you're assuming I read it.

You just don't get it do you?