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Britain's Chancellor of the Exchequer Gordon Brown (and later Prime Minister) sold off more than half the UK gold reserves between 1999 and 2002. That significantly reduced their holdings (their gold reserves currently rank #17). That was also about the bottom of the price of gold over the last 40 years (publicly announcing the huge sale ahead of time and dropping a large amount all at once also helped depress the price of gold- it was sold at $275 an ounce).
http://www.telegraph.co.uk/finance/p...-reserves.html
Last edited by Zippyjuan; 01-09-2018 at 12:32 PM.
National Bank of Kazakhstan could be sitting on more gold than that
Last edited by devil21; 01-09-2018 at 02:46 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Eventually all the lies over the years add up to not trusting anything they say. Kinda like reading your posts.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
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