The Conservative Party

I know a gold dealer, will buy anything off you, old bracelets, rings, coins etc. on his advice ive bought some coins, krugerrands etc.
he wont buy anything at the mo as gold his high. But itll drop and thats when he buys. If i have a bit of spare money i sometimes buy bits but i dont without his say so. Though even i can see when is a good time to buy and when not, its actually not rocket science.

So youd like to think a prime minister and former chancellor with all his advisors would have known that it wasnt a great time to sell. It may have dropped further, but not by much. He just fucked up
Cobblers. Other countries were selling gold too.

And, as pointed put previously, "Between 1970-71 the Bank of England sold nearly half of our gold reserves. Just like the Brown sell-off, it was sold at a historic low of about $42.5/oz in October 1971. Only a year later it was worth $65/oz. This was done under the Tories and Edward Heath and had to be a much larger sale and loss as by the time Brown got to it half had already been sold so in effect Brown only sold a quarter of what was originally held in reserve with the Conservative Heath government selling off half."
 
Last edited:

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.