The Gold Fire Sale
Gor don Brown is responsible for the single biggest loss in the history of this country, £4 billion. It actually exceeded any losses on Black Wednesday by a clear margin. It was a staggering misjudgement, with gold today over $1000.
There is no point in the Government being in denial. I have meticulously investigated this, so consistently highlighted by Sir Peter Tapsell in his inimitable way, with the help of the House of Commons Library. The proceeds of the 1999 gold sale by Gordon Brown was invested 40 : 40 : 20 in the dollar, euro and yen. After taking into account all the currency movements and converting them back into the dollar at current rates, the loss is a massive and unprecedented £4 billion.
Yes gold and currencies may be volatile. But in addition to the 1950s golden money splurger Lady Docker-like spend spend spend mentality of Gordon Brown, which has left us so vulnerable economically, this is yet another example of a very costly error of judgement.
And look what happened to Lady Docker…………