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Strategies & Market Trends : The Bird's Nest
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From: clutterer2/13/2009 4:26:19 PM
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Between 1999 and 2002 Gordon Brown (same moron crying for a new world order....lolol!) sold 60% of the UK's gold reserves at $275 an ounce. It was later attacked as a "disastrous foray into international asset management" as he had sold at close to a 20-year low. He pressured the IMF to do the same,but it resisted. The gold sales have earned him the pejorative nickname 'Golden Brown', after the song by The Stranglers.
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