UK PM Gordon Brown Sold Gold At Rock Bottom, Cost The UK $10 Billion

gold coins

UK Conservatives say it was a “spectacular display of economic incompetence”.

Then Chancellor, Gordon Brown sold 400 tonnes of gold at historically low prices, and cost the country $10 billion.

The TimesOnline UK reports:

Brown sold the bulk of the Bank of England’s gold at an average price of $275 an ounce. Had he sold the metal this year, he would have raised $13.8 billion.

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