Sunday, 7 August 2011

Gold or €uro - where would you put your money?

With all the talk about the imminent collapse of the €uro, there's one important piece of €uro-trivia that the media seems to have forgotten.

When the great saviour of the human race, Gordon Brown, sold all our gold reserves having announced it in advance and depressing the gold price to a fraction of its real value, he ploughed the proceeds into €uro!

So not only did he lose the taxpayer £7bn with the gold sell-off, he then invested the money in a failing currency that was doomed from inception.  Way to go Gordo!