Is the Rally Really Over for Precious Metals? par g.sandro Mer 21 Avr 2010 - 16:54 | |
| Is the Rally Really Over for Precious Metals?http://www.minyanville.com/businessmarkets/articles/gold-precious-metals-gordon-brown-prime/4/20/2010/id/27899?camp=syndication&from=yahoo Allez, je vous mets le début pour vous donner envie: - Citation :
- Prime Minister Gordon Brown, who will face a tough battle in the
upcoming election, has two nicknames in the British press -- “Golden Brown” and “Goldfinger Brown.”
Since anything pertaining to gold is of interest to me, I looked into why the Prime Minister has such monikers. Does he perhaps have a Midas touch?
It turns out that quite the opposite is true.
Brown, who took over from Tony Blair in 2007, acquired the ironic nicknames about 11 years ago when, against the advice of leading bankers, he sold off about 60% of Britain's centuries-old gold reserves. The timing of the sales, from 1999-2002, was “impeccable.” In his role as Chancellor of the Exchequer he sold 400 tons at rock-bottom prices. He got an average price of $275 an ounce, raising $3.496 billion. (British gold traders have dubbed the 20-year low the “Brown Bottom.”) Since the unfortunate sale, [color:4d3c=#01509D ! important][color:4d3c=#01509D ! important]gold [color:4d3c=#01509D ! important]prices have more than quadrupled to $1,159 an ounce. Silver is king, Go Gold !
G.Sandro pas de copier collé: merci de faire un lien vers ce post. Suivez Hardinvestor sur Twitter et sur Facebook |
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