As Milliband and Balls continue to lecture on the economy
The ultimate defamation to our historical appreciation of gold occurred between 1999 and 2002 when Gordon Brown sold 395 tonnes of Britain’s gold, at the lowest price for 20 years.
Oh well, no harm done, eh?
An average price of $275.60 an ounce was achieved in the gold sales. Since that time gold’s price has increased six-fold. In contrast the values of the dollar, yen and euro have each dropped significantly thanks to inflation and poor monetary policies.
Doh!
(Quotes from therealasset.co.uk)
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