The American Empire in a Changing World


Thursday, October 11, 2012

''Interview with Nick Leeson on Gordon Brown, GATA and Gold''

From 2010 and GoldCore

''Between July 1999 and March 2002, Gordon Brown sold 415 tonnes of gold at an average price of $276 per ounce (less than £200/oz). Since Brown's sale, gold has rallied strongly for nine consecutive years, significantly outperforming the majority of other asset classes over the past decade. Today, gold is trading at over $1,200/oz and £840/oz (or €985/oz), considerably more than a three-fold increase in price in dollars, sterling and the beleaguered euro.

More significantly, the gold sold is worth some £6.6 billion more than the £2.2bn that the Treasury received over the period of the sale.''

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