For the uniformed, this Brown guy is known as “Brown’s bottom”. Why? He sold most of the Bank of Englands Gold reserves back around 2001 at the historic low....lost $$$$ billions, a real genius.( Twit)....and now he is back to supervise Englands bankruptcy...
” The sale of the British gold reserve was a policy pursued by HM Treasury between 1999 and 2002, when gold prices were at their lowest in 20 years, following an extended bear market. 395 tonnes of gold, or about half of the reserve, was sold off in a series of auctions, netting the Treasury $3.5 billion. In the ensuing 25 years, from 1999 to 2024, the price of gold increased at an average rate of 8% annually.”.....
Brown sold the UK’s gold for less than 8% what it would have been worth today.