"arse-end of a BEAR-market" apologies Archived Message Posted by Gerard on May 12, 2019, 5:24 pm, in reply to ""Brown-Finger"?" "Twenty years ago on Tuesday, then Chancellor of the Exchequer Gordon Brown said he was selling tonnes of Britain's gold reserves. Trouble was, his timing could barely have been worse. "It was the bottom of gold's two-decade bear market," says Adrian Ash, director of research at investment firm BullionVault. Hindsight may be a wonderful thing, but Mr Ash points out there were plenty of people warning against the move at the time - including at the Bank of England. Between 1999 and 2002 the Treasury sold 401 tonnes of gold - out of its 715-tonne holding - at an average price of $275 an ounce, generating about $3.5bn during the period." https://www.bbc.co.uk/news/business-48177767 Message Thread: "Brown-Finger"? - Gerard May 7, 2019, 12:46 pm "arse-end of a BEAR-market" apologies - Gerard May 12, 2019, 5:24 pm   Searching