Speaking of the devil....
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Previously on "Revealed: why Gordon Brown sold Britain's gold at a knock-down price"
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Who is Gordon Brown? And what is Gold? I only watch Justin Bieber.
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Originally posted by doodab View Post
Exactly, why keep harping on about a few billion quids worth of gold when there are hundreds of billions of pounds worth of far more serious ****ery to concern ourselves with.
PFI by contrast sounds all technical and abstruse to many, and the losses less clear cut. Also, PFI sounds more like a planned strategy, worked out by clever civil servants, whereas selling the gold seemed and presumably was a sudden act of desperation.
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Yeah, a drop in the ocean compared to the £1/3 trillion money printing operation, with another £50 billion printed this week.
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So we are agreed then, the "one eyed Scottish idiot" was yet another glorified Labour cockhead? Yes?
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Originally posted by AtW View PostHe thrown far more money in other mistakes such as PFI.
You could also argue to some extent that the utility privatizations resulted in a similar loss to the taxpayer.Last edited by doodab; 7 July 2012, 22:55.
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Originally posted by Doggy Styles View Post£1500 isn't much in the grand scheme of a contractor's bank balance.
Would you give that £1500 to me if I paid you £300 for it?
The sentiment that gold is now basically useless so may as well get rid and use the cash for something else was actually quite sensible IMO, and an awful lot of central banks were doing the same thing and kept doing it for years afterwards. The timing of the sale was bad, yes, although it looks a lot worse in the light of the financial crisis and even now with gold close to all time highs the loss equates to only 6 weeks of the current deficit, so I think we have much more important things to worry about.
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Originally posted by doodab View PostI don't really understand the fuss. 400 tons of gold is only worth about £20bn which would be nice to have in the bank but it's bugger all in the grand scheme of things.
He thrown far more money in other mistakes such as PFI.
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Originally posted by doodab View PostI don't really understand the fuss. 400 tons of gold is only worth about £20bn which would be nice to have in the bank but it's bugger all in the grand scheme of things.
Would you give that £1500 to me if I paid you £300 for it?
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I don't really understand the fuss. 400 tons of gold is only worth about £20bn which would be nice to have in the bank but it's bugger all in the grand scheme of things.
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Originally posted by TimberWolf View PostInteresting theory, speculating on Euro's, but I prefer this one:
The worst government we've ever had IMO and I'm not entirely convinced they weren't punishing the English for some war fought 100s of years ago <dons foil hat> or at least despised the English.
And on a brighter note - off to the Hersham beer festival - wooohoooo!
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What reason does Brown give in his book? Assuming he has a book.
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