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Cost of [Former UK Chancellor and PM] Gordon Brown's gold sale 25 years ago spirals to £35BILLION [ed]
UK Daily Mail ^ | October 8, 2025 | Hugo Duncan

Posted on 10/08/2025 3:01:23 AM PDT by C19fan

The cost of Gordon Brown’s decision to sell the nation’s gold on the cheap 25 years ago has ballooned to £35billion.

The then-Labour Chancellor sold 395 tonnes of bullion between 1999 and 2002 for a paltry £2.6billion.

The gold price has soared since then, hitting a record high of $4,040 an ounce on Wednesday.

(Excerpt) Read more at thisismoney.co.uk ...


TOPICS: Business/Economy
KEYWORDS: gold; uk

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The fool sold the gold when it was $275 per ounce.
1 posted on 10/08/2025 3:01:23 AM PDT by C19fan
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To: C19fan
Only a fool would own gold. Why? "because you can't eat gold". You know who you are.

Financial Times - 2004


2 posted on 10/08/2025 3:19:20 AM PDT by Karl Spooner
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