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Britain misses out on £36bn after Gordon Brown sold the gold
Yahoo Finance·2025-10-09 01:35

A mobile billboard reminding Britons that Gordon Brown sold off the UK’s gold reserves a quarter of a century ago - Edward Masse Britain has missed out on around £36bn after Gordon Brown decided to sell off half of the nation’s gold reserves a quarter of a century ago. The price of gold surpassed 4,000(£2,989)anounceforthefirsttimeonWednesday,makingthebullionsoldoffbytheBankofEnglandaroundthemillenniumnotionallyworthmorethan4,000 (£2,989) an ounce for the first time on Wednesday, making the bullion sold off by the Bank of England around the millennium notionally worth more than 51bn in today’s prices. Mr Brown, the former Labour ...