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The sale of UK gold reserves was a policy pursued by HM Treasury...

  1. 2,965 Posts.
    The sale of UK gold reserves was a policy pursued by HM Treasury over the period between 1999 and 2002, when gold prices were at their lowest in 20 years, following an extended bear market.

    The period itself has been dubbed by some commentators as the Brown Bottom or Brown's Bottom.

    The period takes its name from Gordon Brown, the then UK Chancellor of the Exchequer (who later became Prime Minister), who decided to sell approximately half of the UK's gold reserves in a series of auctions.

    At the time, the UK's gold reserves were worth about US$6.5 billion, accounting for about half of the UK's US$13 billion foreign currency net reserves.

    http://en.wikipedia.org/wiki/Sale_of_UK_gold_reserves,_1999-2002

    Just another accident?
    Cmon people, they rigged the Libor rate to the tune of hundred of trillions of dollars being manipulated. This ain't a 'theory', this is 100% fact.

    You really think they only rigged the Libor rate and that's it?

    Gold, Silver, stocks, you name it...the game is rigged.
    Buy the physical. (gold and especially silver!!) (IMO)
 
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