Brown's Perpetual Golden Pigeons Come Home To Roost

Proof, if you needed it, that Macavity is a bungler arrives in the form of the price of gold passing US $1000/fine oz. It will be recalled that in 1997, when Brown became Chancellor, the UK held 715 tons of gold. Then, in an act of hubrisitic Socialist priapism, he flogged 400 tons of it at what we now know was a fire sale price.

Posted on The Huntsman.