First of all it wasn't "taxpayers gold"; it was gold that belonged entirely to HMG. YOu had no claim on it whatsoever. Secondly, the value of the gold has not changed, it is the value of the pound that has declined. Gold is money, paper is not. What these numbers are actually telling you is how much your paper money savings have declined in value / spending power since then. To find out what all of this means. Google the book and read 'What has Government Done to our money'.
The selling of our Gold reserves at a record low price, combined with the announcement 3 months in advance that we would do so ... provides ample evidence why people like Gordon Brown and Ed Balls would never be given a real job.
They are utter incompetents who would last no longer than 1-day in the private sector, they would be sacked after lunch probably.
It's outrageous that people with such poor academic backgrounds and such poor work records should be able to lead our country.
Balls the filthy communist is denying it matters.. giving our gold to establish the euro was much more of a noble enterprise than the self interest of this little island.
yep they screwed us over selling that gold, if you want to avoid governments devaluing our currencies buying physical silver/gold is the best bet by FAR & the fact gordon brown sold our gold shows hes either incompetent or benefited from the sale personally, which is probably more likely.
First of all it wasn't "taxpayers gold"; it was gold that belonged entirely to HMG. YOu had no claim on it whatsoever. Secondly, the value of the gold has not changed, it is the value of the pound that has declined. Gold is money, paper is not. What these numbers are actually telling you is how much your paper money savings have declined in value / spending power since then. To find out what all of this means. Google the book and read 'What has Government Done to our money'.
irdial 9 months ago
Utter utter disgrace.
EnglishG3nt 9 months ago
The private sector is awesome.
cheyaura 9 months ago 5
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Says it all really!
MODTRASH 9 months ago
The selling of our Gold reserves at a record low price, combined with the announcement 3 months in advance that we would do so ... provides ample evidence why people like Gordon Brown and Ed Balls would never be given a real job.
They are utter incompetents who would last no longer than 1-day in the private sector, they would be sacked after lunch probably.
It's outrageous that people with such poor academic backgrounds and such poor work records should be able to lead our country.
kbdkbd99 9 months ago
If we'd had that gold in 2008, our economy might not have collapsed...
KaMiK2205 9 months ago
Balls the filthy communist is denying it matters.. giving our gold to establish the euro was much more of a noble enterprise than the self interest of this little island.
dyl0n 9 months ago
yep they screwed us over selling that gold, if you want to avoid governments devaluing our currencies buying physical silver/gold is the best bet by FAR & the fact gordon brown sold our gold shows hes either incompetent or benefited from the sale personally, which is probably more likely.
djdnauk1977 9 months ago 3
Ed Balls face, Priceless !
bringbackmydemocracy 9 months ago 2