gold soars while sterling plummets, page-13

At the time Gordon Brown made those sales, it was not generally predicted Gold would triple or more in price.

And there are so many financial wizards out there who spend there life as supposed experts who's decisions got us into this mess.
So Gordon Brown was supposed to know that Gold would triple.
I would say at the time that it was wise given the knowledge they had & UK had no need to prop up the Gold price as it had no Gold industry. I have heard that over the long term gold just keeps its value (allowing for inflation)- so why should the UK government lock away so much money in Gold?

There might be a better case for the 'wizard of oz' who was the treasurer of a country that had a very significant Gold mining industry - selling our gold reserves did not help the cause of gold miners who were our struggling at the time.

Cheers,
Pete