scrumpyjack wrote:Gordon Brown felt it's time was over and sold most of gold reserves at a fraction of what they would be worth now.
Sold (around half of) UK gold to buy Euro's i.e. support the EU of which the UK was a part. Two big mistakes. The UK still has modest gold reserves available in readiness for if/when a run against the Pound might occur. Potentially very useful/valuable under certain conditions. Many central banks have been accumulating gold for similar reasons. Not so Canada, who dumped their gold to transition over to ultimate faith in infinite intangible currencies.
The UK spending trillions in the EU (can't be considered as having invested as its never paid a dividend and we even had to pay in order to leave it) was a far far bigger mistake compared to Gordon Brown's gold selling mistake.