Question to PM: Why did you sell our gold reserves?

Dear Gordon Brown,

Why did you sell our gold reserves for around a fifth of their current value at a time when the price of gold was only likely to increase?

The pound is not set to a gold standard, therefore when the currency inflates the price of gold invariably goes up.

Category:

News & Politics

Tags:

• Prime
• Minister
• Gordon
• Brown
• Question
• Chancellor
• Gold
• Reserve
• Standard
• Bank
• England
• Federal
• Inflation
• Devaluation

[carrickcote]

Brown selling off the gold cheap! Nothing compared to Thatcher and her cut price sell off of our industries...steel, coal, ships, gas...the list is endless...communities decimated. I agree with justiceseeker...u make decisions based on situ's.

[RevolutionaryJam]

@carrickcote it's really not nothing, It was a bad decision based on the situation, not bad, but done deliberately to favour those wealthy elements that control the state. hat about the bailouts of billions to the bankers then? stealing from the poor to give to the rich as always. Conservatories and Labour Party, two heads of the same dragon

[JusticeSeeker1000]

Yes dickhead, everyone knows this. And if Brown could magically see all the problems of the future, I'm sure he'd of done a lot better in his job, but he can't.

Why didn't I bet a million pound on Greece winning the European Championships, why does a person sell their house for 150k, and in 5 years time it's worth 300k?

The answer is, you make those decisions based on the situation at the time, and what's best for you.

You're a simpleton, not enough Piano work mate? Cut your hair.

[RevolutionaryJam]

@JusticeSeeker1000 you are on the verge of being the 2nd person in the 3 years since I started here to be blocked from my channel. I don't mind you posting criticisms of my content but the personal comments have to stop. As you can see I am respectful of everyone who posts on my channel, even when they are degenerate and ingorant, if my views make you so angry you can't keep personal comments out of it then there are plenty of other channels I'm sure you will enjoy more.

[RevolutionaryJam]

@JusticeSeeker1000 re: your criticisms

every economist even at the time said he was nuts selling the gold reserves, it was a deliberate move to please the bankers which actually own our asses. I see you complaining about people on welfare, but not one complaint about the government giving almost a trillion pounds of taxpayers money to rich bankers who actually caused the recession in the first place.

What does my hairstyle have to do with anything? grow up you playground bully

[Michael7477]

Leave Britney - ooops I mean Brown - alone. Classic . 1 star for the voice, one for the haircut and three for the content.

[RevolutionaryJam]

hahahahahaha

[colinjockgraham]

simple answer: the ecb fed bank of england do not want gold to complete with there paper fiat currecny, so they flood the market with gold , propping up the stock markets. It is gold and silver malipulation, keep gold price low, keep your stock market up. Eventually, FIAT currency will collapse, perhaps before 2015, and we will reset back to a gold standard. And the western world as we know it will cease to exsist. So in a nut shell, he sold the gold to make you poor, because pooor people obey.

[mozart579]

He sold our Gold reserves to make a quick buck of course!. Which means when the Tories get to power in the next election there will have to be Massive cuts in spending. errrrr didnt this happen with 'old' labour just before Thatcher got to power? mmmmm same old labour party it seems.

[creamdaddy07]

Agreed.

The masters own 99.9% of physical gold and silver, the rest of us fight over scraps. They dictate the price by their own supply.