The Conservative Party

[bluenova]

Didn't Gordon Brown lose money on Gold though?

It's amazing how simplistic our politics is that little things like this are remembered 25 years later.

Gold had been going down in price for twenty years when Brown made the sale. It would have been a pretty reasonable decision to part of the gold reserves, and the invest elsewhere. In hindsight, gold regained most of those losses over the next twenty years, so it would have been handy to hang on to it. Interest rates were then unusually low for a very long time, so other investments may not have performed as well, although it's likely they could have recovered the loss.

But you could argue that the Tories should have sold it in the previous twenty years when it was falling, and when other investments would have been much, much better. Or perhaps Gordon should have bought bitcoin, and we'd all be rich :)

I notice the interview also casts Brown as leaving the economy in a poor condition, when it was Osborne who took us back into recession AND it blames Brown for the "no money" note, the use of which was one of the most shameful bit of politics in the last few decades.

It's always the same - the people who don't have anyone else's interests at heart are much more comfortable lying.

 

[gordondaviesmoustache]

their biggest problem was delivering a massive majority to a man who is 95% ego and 5% lies

Arguably the biggest problem is a system that gave him such a massive majority, and the unfettered ability to indulge his ego, with just over 40% of the vote.

 

[Bluesince1979]

Not sure he did. Not sure you can lose money on something you’ve made a profit on, which I’m pretty sure he did. He did sell it too cheaply though, although it wasn’t a huge deal in the scheme of things.

Also he wasn’t PM when he sold it.

He sold it when relatively speaking it was an all time low
Brown was as bad as truss/sunak

 

[gordondaviesmoustache]

He sold it when relatively speaking it was an all time low
Brown was as bad as truss/sunak

Clarify ‘relatively’.

If you think anyone is as bad as Truss, including a random crystal meth addict who been on a five week bender, then you have absolutely no judgement whatsoever.

 

[bluethrunthru]

delusional

 

[Mr Kobayashi]

It's amazing how simplistic our politics is that little things like this are remembered 25 years later.

Gold had been going down in price for twenty years when Brown made the sale. It would have been a pretty reasonable decision to part of the gold reserves, and the invest elsewhere. In hindsight, gold regained most of those losses over the next twenty years, so it would have been handy to hang on to it. Interest rates were then unusually low for a very long time, so other investments may not have performed as well, although it's likely they could have recovered the loss.

But you could argue that the Tories should have sold it in the previous twenty years when it was falling, and when other investments would have been much, much better. Or perhaps Gordon should have bought bitcoin, and we'd all be rich :)

I notice the interview also casts Brown as leaving the economy in a poor condition, when it was Osborne who took us back into recession AND it blames Brown for the "no money" note, the use of which was one of the most shameful bit of politics in the last few decades.

It's always the same - the people who don't have anyone else's interests at heart are much more comfortable lying.

Woosh. You missed the satirical point of the post.

It was a piss take of Tory boys on this forum.

 

[Ifwecouldjust.......]

Didn't Gordon Brown lose money on Gold though?

It's amazing how simplistic our politics is that little things like this are remembered 25 years later.

Gold had been going down in price for twenty years when Brown made the sale. It would have been a pretty reasonable decision to part of the gold reserves, and the invest elsewhere. In hindsight, gold regained most of those losses over the next twenty years, so it would have been handy to hang on to it. Interest rates were then unusually low for a very long time, so other investments may not have performed as well, although it's likely they could have recovered the loss.

But you could argue that the Tories should have sold it in the previous twenty years when it was falling, and when other investments would have been much, much better. Or perhaps Gordon should have bought bitcoin, and we'd all be rich :)

I notice the interview also casts Brown as leaving the economy in a poor condition, when it was Osborne who took us back into recession AND it blames Brown for the "no money" note, the use of which was one of the most shameful bit of politics in the last few decades.

It's always the same - the people who don't have anyone else's interests at heart are much more comfortable lying.

In 1970 Heath’s government sold twice as much gold as Brown and at a much lower price.

a fact conveniently forgotten by the Tory faithful.

 

[bluenova]

Woosh. You missed the satirical point of the post.

It was a piss take of Tory boys on this forum.

No :)

Unless you'd had some kind of amnesia, or been hit on the head recently, I wouldn't have read that as a serious comment from the Mr Kobayashi. My first line was addressed at you- i.e. isn't it amazing that this kind of cliched comment can still come out.

 

[Eebo]

This all stems from Johnson. More capable than Truss and possibly Sunak, but in terms of impact on the nation, unquestionably the worst PM. Ever.

He is responsible for Truss and Sunak.

The 2 requirements to be in Cabinet under him were to support Brexit and Bozo himself> By definition meant being willing to support nonsense and repeat his lies without shame.

That ruled out any sensible or moderate or decent Tories from the Cabinet, and created the most incapable, untrustworthy and self-serving bunch of liars ever assembled in a single cabinet.

Once Johnson had become toxic and unsupportable by even this sort of unhinged group his successor(s) were always going to come from within this very shallow end of the Spiv Party gene pool, so Johnson is as responsible for them as he is for his own conduct.

 

[gordondaviesmoustache]

He is responsible for Truss and Sunak.

The 2 requirements to be in Cabinet under him were to support Brexit and Bozo himself> By definition meant being willing to support nonsense and repeat his lies without shame.

That ruled out any sensible or moderate or decent Tories from the Cabinet, and created the most incapable, untrustworthy and self-serving bunch of liars ever assembled in a single cabinet.

Once Johnson had become toxic and unsupportable by even this sort of unhinged group his successor(s) were always going to come from within this very shallow end of the Spiv Party gene pool, so Johnson is as responsible for them as he is for his own conduct.

Completely agree. He was a **** enabler.