Friday, Feb 20, 2009
Gold now $1000 an ounce, Gordon Brown sold for $250 an ounce
Times Online: Goldfinger Brown’s £2 billion blunder in the bullion market
''GATHERED around a table in one of the Bank of England’s grand meeting rooms, the select group of Britain’s top gold traders could not believe what they were being told. Gordon Brown had decided to sell off more than half of the country’s centuries-old gold reserves and the chancellor was intending to announce his plan later that day.''
Posted by hpwatcher @ 07:11 PM (1066 views) Add Comment
13 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. This comment has been removed as it was found to be in breach of our Blog Policies.
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. jonb said...
Of course, this £2bn blunder is loose change compared to the £1.5tn (and counting) he's blown on the banking crisis.
5. flintster1994 said...
So true jonb,
Browns gold blunder used to be a story before trillion became the new billion. Billion? Loose change!
Quadrillion in mainstream can't be far away.
6. Mountain Goat said...
As the gold mania grows Gordon Brown will look more and more foolish for these actions. Hopefully this will ensure he does not get elected.
7. mountain goat said...
Brownfinger
8. mark wadsworth said...
What jonb says.
To put it in political perspective, £2 billion is approx what The Tories lost on White Wednesday. Or one day's worth of Nulabour spending. Or £30 per capita of UK population.
Flinster1994, the Q-word had been mainstream for years. Have you forgotten Fish out of Quadrillion?
PS, isn't the next one up a 'quadzillion'? It certainly sounds cooler.
9. Happy_renting said...
What commentators always forget to mention is that Gordon ANNOUNCED IN ADVANCE THAT HE WAS GOING TO DUMP GOLD on the market, thus depressing the market and lowering the price we got for our gold. Gordon is a Triple-A Cretiin.
10. Novice Pete said...
quintillion is next up from quadrillion according to this,
http://en.wikipedia.org/wiki/Names_of_large_numbers
from this article in the telegragh,
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/3167379/Zimbabwe-inflation-hits-231-million-per-cent.html
"Even so, it still has some way to go before approaching the world's worst hyperinflation ever, in post-war Hungary, where it reached 4.19 quintillion per cent"
11. novice pete said...
quintillion is next up from quadrillion according to here,
http://en.wikipedia.org/wiki/Names_of_large_numbers
From the telegragh
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/3167379/Zimbabwe-inflation-hits-231-million-per-cent.html
"Even so, it still has some way to go before approaching the world's worst hyperinflation ever, in post-war Hungary, where it reached 4.19 quintillion per cent."
12. braindeed said...
Side story , now - small beer
13. Endgame said...
Shows how cheap gold is and how much further it has to go