Wednesday, 11 July 2012

Did Gorden Brown sell Britain's gold at artificially low prices?

This article (ref this site) suggests he did do just that to bail out banks facing potentially massive losses on short-positions in gold. One source apparently stated “He was facing a problem that was a world scale problem where a number of financial institutions had become voluntarily short of gold to the extent that it was threatening the stability of the financial system and it was obvious that something had to be done.”

Not a surprise if it's indeed true.

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