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Revealed: why Gordon Brown sold Britain's gold at a knock-down price

Comments

sabretoothtigger Posts: 10,036 Forumite

13 July 2012 at 4:59PM

The euro gain today is about 31% and gold has gained about 700%. If Brown sold the euros at peak, it could be as high as 64% gain but nowhere near just holding gold still.

They dont want a high currency value anyway so selling gold to stop us rising vs Euro or dollar and getting out of sync is what they aim for

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