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City AM: Gordon's Gold Sales: Right or Wrong?

LONDON, 8 May 2019 – Finance newspaper City AM today carries argument from BullionVault that the UK's gold sales of 1999-2002 were a bad mistake.

Announced 20 years ago yesterday, "New Labour's gold sales were so aggressive and arrogant that it's hard to imagine Gordon Brown's team seeing any error even now, 20 years and a five-fold rise later," the paper says, quoting Adrian Ash, director of research at BullionVault.

Opposing that view, and backing Brown, Tim Focas at Westminster think-tank Parliament Street says 
"Gold is a market best fit for sophisticated speculators, not the state."

Read the full debate, highlighted on the front of today's print edition, at City AM here:

DEBATE: Was Gordon Brown right to sell off the government's gold reserves 20 years ago?

Source: 
City AM

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