Guido touched on this at the beginning of the month when gold hit $4,600 per ounce. It is now sitting at $5,513. Gordon Brown sold off all Britain’s 12,712,000 ounces of gold for revenue of $3,500,588,920 when he had settled into the Treasury…
Were that to be sold today it would now net $70.9 billion or £50.7 billion. That is more than double the size of the ‘black hole the Tories left behind’ which justified tax rises in Reeves’ first Budget. Brown’s bottom will end up as big as the sun at this rate…
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