Gordon Brown's Bottom - 25 years on. The sale of British gold.

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Money, Markets & More with Dominic Frisby

2 ай бұрын

The worst financial decision in history?
Do what the UK didn't and buy gold: tinyurl.com/7wznnkfj
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Life After the State: tinyurl.com/yepkburu
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Пікірлер: 456

@macoooos9204 2 ай бұрын

Gordon Brown also ruined UK's pensions.

@luketwice 2 ай бұрын

He certainly knackered mine.

@robertward9837 2 ай бұрын

Yes he bummed me to ! Lost the lot never trust anyone with your money. I will make so the government will look after me when I am older

@blackbaron0 2 ай бұрын

Not to mention chastising his Chancellor in public and trying to get him sacked for saying the GFC had started (the truth). Oh and of course Brown had just opened up the taps on public spending, just in time. Never mind Gordon, you can work on Lords Reform instead, bound to be full of good ideas.

@Daisy-tl2lh 2 ай бұрын

its difficult to imagine how anyone can imagtine after the minumental fk up Blair and Brown made of the UK how anyone can stomach Starmer ...

@hendo19742 2 ай бұрын

SOLD IT TO THE ROTHCHILDS BANKSTERS, WAS THE AGENDA, ALL DONE BY DESIGN!😑😑🇬🇧🇬🇧🇬🇧

@jasonjenson9108 2 ай бұрын

Browns bottom needs a public inquiry, this treacherous act needs to be fully exposed.

@markwithak2055 2 ай бұрын

Does the confiscated Venezuelan Gold by the British also need inquiry?

@davidmatthews9088 2 ай бұрын

An inquiry would be great if they weren’t corrupt.

@SuperIcekool 2 ай бұрын

Perhaps he is a closet Scots Nationalist :) but more like helping the finance house Goldman Sachs and the rotting USD.

@mikethebloodthirsty 2 ай бұрын

Yeh so does Thatcher's large scale sell off of British assets.

@G.A.R.2002 2 ай бұрын

I make you right ✅️.. In some parts of the world. Its called treason . That could mean prison or a fireing squad..!!?? Think about it........

@stephenrichards5386 2 ай бұрын

That wasn't the worst thing he did. The £5 billion stolen from pensions was criminal

@geoffwright9570 2 ай бұрын

What's worse is they're still doing it both Tory and labour. Now starmer and co want to take another crack at screwing up pensions even more

@davidmartin2957 2 ай бұрын

The sale of 50% of our gold reserve was to my mind gross misconduct if not treason.

@mrradman2986 2 ай бұрын

It wasn't his to sell.

@Auqalungangler 2 ай бұрын

No treason his mate tony got rid of that charge we wonder why

@freespeech3673 2 ай бұрын

Socialists really are geniuses aren't they?

@joeclarke7048 2 ай бұрын

If their goal is to destroy the economy, it's actually a master stroke! Completely irreversible, too.

@kubhlaikhan2015 2 ай бұрын

Brown was no socialist.

@Tensquaremetreworkshop 2 ай бұрын

For a while- then they run out of other people's money...

@RichardPhillips1066 2 ай бұрын

@@kubhlaikhan2015neo liberal just as bad

@kubhlaikhan2015 2 ай бұрын

@@RichardPhillips1066 Neoliberals are a great deal worse. A socialist takes your money and then delivers you a rubbish rail service. A neoliberal takes your money.

@nickcryptopuna2736 2 ай бұрын

He really messed this up, my father at the time told me "why would sale uk 🇬🇧 Gold, because they are all corrupt"

@Planet-Bertie 2 ай бұрын

Blair and Brown, a match made in hell 🤬

@user-tm8km1po6k 2 ай бұрын

No politician is ever held to account

@graemecarnegie7821 2 ай бұрын

There is a clip on KZfaq of Nigel Farage having a go at Brown in the European Parliament, over the gold sale,and Brown sits there laughing at him!

@jamesgreen807 2 ай бұрын

It's ALL in his back SHED!!!!

@user-fr3oq1zp7h 2 ай бұрын

He had to sell gold ( the major currency for bomb's and ammunition) in order to start the war of mass destruction

@philiplindley7384 2 ай бұрын

The one thing you know when you've lived the better part of a lifetime is that a Labour government *always* wrecks the economy. I fear for the consequences of Kier Starmer.

@markcole5187 2 ай бұрын

So does a Tory government. Where does that leave us?

@philiplindley7384 2 ай бұрын

@@markcole5187 With no-one to vote for?

@colincampbell4261 2 ай бұрын

The Tories have already ruined the UK economy. 14 years of misrule.

@danthorley6592 2 ай бұрын

@@philiplindley7384 I am very proud to say that I have not voted for almost 20 years. As Mark Twain said (from memory) "If voting mattered, they wouldn't let us do it".

@RichardEnglander 2 ай бұрын

Dont forget that Brown also deregulated the banks and allowed them to gamble more. We know what happened....

@clangerbasher 2 ай бұрын

And that's why the American banks came here to play with sub-prime mortgages.

@clangerbasher 2 ай бұрын

@@thatcheapguy525 It was all funded through the City because what Lehman want to do was illegal in the US. And that was only possible because New Labour deregulated the market either further.

@clangerbasher 2 ай бұрын

@@thatcheapguy525 No. It is general knowledge. I am more interested in why don't you know.

@clangerbasher 2 ай бұрын

@@thatcheapguy525 Just let me look outside the window..........Yes I appear to be........

@thatcheapguy525 2 ай бұрын

@@clangerbasher lol, that's why. the press here is right-rotten to the core. spend a couple of minutes reading on Lehman Bros and you should understand. this discussion reminds me of the ULEZ fiasco. a very good friend lives on the boundary of the extended zone. he was convinced by all the BS in the press that his 2002 Euro-4 Toyota was not compliant. I popped his reg number in the TFL website and it was fine; yet the Tory spin-doctors and the right-wing press had him and plenty of droves of other convinced he'd have to replace it. due diligence my friend

@CaldonianDude 2 ай бұрын

Let's not forget his raid on pensions too. His pension dividend tax has resulted in a loss that has been put at £250billion over the years. And of course, it now raises no money because pension funds hold hardly any British shares. Hamish McRea called it "the most idiotic decision I can recall". He also brought in the infamous IR35, which you won't have heard about unless you've done contracting - another absolute disaster. Gordon truly is a moron...

@user-fr3oq1zp7h 2 ай бұрын

Along with gambling freedoms student debt and mass migration etc all to pay for continuous war. Truly WMD

@rodpanhard 2 ай бұрын

Browns bottom was a bail out before bail outs were a thing, a big US financial institution got caught out on the wrong side of a trade and half our gold was sold at rock bottom price to bail them out.

@lorristan 2 ай бұрын

Yes it doesn't often get mentioned that SUE NYE was one of Gordon Browns closest advisers and she was married to Gavin Davies who was a partner at Goldman Sachs. Goldman Sachs were at that time in dire straights and in need of a significant cash boost. That explanation sits a lot better than the complete and total madness of the otherwise reasoning that was put forwards.

@bitsandbobs4082 2 ай бұрын

@@lorristanI think his advisor came from there and after the sale she went back

@tombinkley2688 2 ай бұрын

Stupidity is endemic in Westminster. EG., our current PM was promoted from Chancellor of the exchequer after his disastrous fiscal and monetary measures.

@kubhlaikhan2015 2 ай бұрын

@@andymaidment111 BP installed Liz Truss and GoldmanSachs installed Sunak.

@turokforever007 2 ай бұрын

It is greed not stupidity

@letsgetreal-df7pu 2 ай бұрын

Well it is a Club!

@EnglishVeteran 2 ай бұрын

So dumb it was deliberate!?

@pauls3075 2 ай бұрын

Don't worry it's clickbait to get more commission from his Gold sponsor. Next week it will be another Bitcoin story (with sponsor) and then his latest pump and dump share.

@EnglishVeteran 2 ай бұрын

@@pauls3075 Really? 🤣😂W⚓️!

@pauls3075 2 ай бұрын

@@EnglishVeteran You didn't buy into his Novavax scheme last week then? This guy literally goes round the country giving presentations on Gold and is paid to do it. Grow up.

@EnglishVeteran 2 ай бұрын

@@pauls3075 😂🤣 You funny little boy🤣

@pauls3075 2 ай бұрын

@@EnglishVeteran Yes typical you have no coherent argument or facts to fall back on so call the other guy a wanker. We can all see who the wanker is here mate!

@philipbrooks402 2 ай бұрын

Gordon Brown's biggest mistake. What about pensions?

@markblance8492 2 ай бұрын

Yep Labour has a lot to answer for. However our voting public will forget all of this when they go to the polls this year. His help us all with a Starma Labour party

@RichardSFord 2 ай бұрын

Let's get this in perspective shall we? Brown sold around 405 tonnes of gold or 13,022,508 troy oz. At today's prices of £1,884 per oz, that amounts to £24.534 billion. According to the OBR, the government is estimated to have spent £1,189 billion in the last fiscal year. That's £3.238 billion a day. The gold Brown sold would only last us 7 days and barely make a dent in our national debt. Hardly the "Worst desicion in British financial history". Of course, the same detractors conveniently ignore the 500 tonnes of gold flogged of by the Tories back in 1971. Can't have people thinking they are fiscally incompetent, can we?

@miller2624 2 ай бұрын

Spot on !

@raypurchase801 2 ай бұрын

Gordon Brown- Texture like sun.

@GWAYGWAY1 2 ай бұрын

@raypurchase801 Bit of an insult to a beautiful song…..😡🤬

@phildavies6020 2 ай бұрын

@@GWAYGWAY1 Now now.... Never a frown

@andrewryder6780 Ай бұрын

Another song, Gordon is a moron. 🎼

@bitsandbobs4082 2 ай бұрын

He also saddled the UK with numerous PFI schemes I do not have the figures to hand now but this was an even greater disaster for UK they are others like the continuing sale of assets like the British Nuclear Fuels to China which was of expertise in an important field which we now have to pay through the nose. I cant think of anything he got right

@MrFes888 2 ай бұрын

He sold the gold to his pals at London gold fix.then he exchanged it for euros

@user-fr3oq1zp7h 2 ай бұрын

Then he printed some cash QE and bought back all the gold in England . Don't you remember all those shops and adverts to buy gold

@MrGavinBoyd 2 ай бұрын

Brown favoured ‘light touch’ regulation of the banks. The run on Northern Rock was the first since the Victorian era. 125% loans. What could go wrong? 🤷🏼‍♂

@AnnetteCurtain-tc4mh 2 ай бұрын

I think the Americans told us to sell it,look into it further.

@vincentlee6770 2 ай бұрын

Nope, the UK's decision to 1) squander north sea oil/ gas (max oil production in 1999 when oil was $9!!), 2) privatisation of utilities and housing, and 3) allow wall st and Britain's too big to fail banks to run wild in the 2000s dwarfs this.

@Benzknees 2 ай бұрын

1) How was oil/gas squandered, when royalties were used to fund public spending? 2) Ditto the money made on selling off utilities & social housing? 3) The 2008 Crash followed a 226% rise in property prices, which was clearly a bubble which politicians & the BoE could & should have contained.

@gordion1 2 ай бұрын

Neoliberal short termism.

@alfredlear4141 2 ай бұрын

So Gordon, you want to be PM? Let's think about what you can do for us ...

@Benzknees 2 ай бұрын

"After consultation with the BoE". Is this the same BoE stuffed with PhDs who failed to see the 2008 Crash coming and failed to see inflation coming after printing billions during covid?

@simonwiltshire7089 2 ай бұрын

He flagged the sale ahead of time ensuring a crash in the gold price and a sale of UK gold at the bottom. Anyone would think he did this on purpose (nudge nudge).

@TizerWales 2 ай бұрын

And they wonder why more and more people have absolutely no confidence in government or the civil service. The decline in the UK since Blair and Brown took control is astounding. In 2000 our public sector debt was at around £500 billion. Today it is over £2.2 Trillion. Someone has to grasp this public sector debt nettle and start cutting. Fast! Unfunded pension liabilities would be a good start.

@AverageJane222 2 ай бұрын

Correct - however the Cameron /Osbourne government and subsequent Conservative governments over the past 14 years have put that decline on steroids. None of our politicians are competent (on either side of the aisle) and not one of them will have any competent strategy to undo the mess that essentially began with Thatcher.

@tombinkley2688 2 ай бұрын

Making millions poorer will solve nothing. Most public sector pensioners paid in very large percentages of their salaries for their pension. Teachers for example paid in 7% with employers paying in 14% (deferred salary). The financial issues linked to Government spending are largely due to incompetence and reckless decisions like the selling off of our gold and deregulation of the finance/banking industry. The problem needing addressing is in Westminster and the BofE and in our foolish super-power pretensions.

@davideyres955 2 ай бұрын

The local government pension scheme was a fully funded scheme when i was in it originally. By the time I left for the second time I think it was in deficit. Likely due to the reduction of the value of the scheme. Also they have moved the year you can retire from 65 which it was when I went in to the pension scheme to match the current retirement year so now 67. You don’t get more pension so they are effectively stealing 2 years payout from you so currently I’m loosing £25,000 in my pocket. They also managed to reduce the pension payout by not giving pay rises, because as a final salary scheme you salary also affects the amount you pension is graded at. When you are out of the public sector like I am now you can’t top the scheme up so you are sitting on a pension that is becoming worth less by the year and there’s nothing you can do about it. Do you understand that people have contributed their salaries into the pension scheme. My contributions at the end of my public service were over 12% of my salary. Is that what you mean about doing something about it?

@justjacqueline2004 2 ай бұрын

This is too stupid to be stupid.

@GWAYGWAY1 2 ай бұрын

It was an instruction from Lord Rothschild???? Bet it was and he bought it????

@sardo1 2 ай бұрын

Gordon 'I know! let's sell the gold!' Brown

@user-kx3fq1zo6f 2 ай бұрын

I don't think it was a blunder I think some powerful people got a good deal and Brown likely got a reward.

@crimeajewel 2 ай бұрын

An end to Boom and Bust......Brown.😊😊

@MAXERNEST 2 ай бұрын

a 0 % raise ,btw i have abolished the 10 p rate of tax, also i did away with MIRAS as its a middle class perk :} brown the buffoon

@phildavies6020 2 ай бұрын

He was right.... He ended it!....Now we just have bust!

@johngreen6191 2 ай бұрын

Was not his to sell. It was the nations guarantee.

@johnnagle7702 2 ай бұрын

Central banks own it

@thetudors9875 2 ай бұрын

Seriously , how is this man not in Jail ? Where is the redress for the Public purse ??

@davidbrown2571 2 ай бұрын

He's a politician, what do you expect? No accountability.

@jamesgreen807 2 ай бұрын

He Said, the cupboard is bare, last one turn the lights OUT!!!!!!

@davidbell3001 2 ай бұрын

I can’t understand why people don’t mention this more…. What a cock up…, that was the nations gold exchanged for paper.. People still say he’s the best chancellor we’ve ever had… Der !!!!!!!

@cityzens634 2 ай бұрын

It’s because he’s Scottish, they are above criticism

@nigelvaughan429 2 ай бұрын

And to think we might have another incompetent Labour government

@cynthiastogden7000 2 ай бұрын

To go with the current incompetent one. What a pair.

@stephengreaves7935 2 ай бұрын

There were two banks about to fail, both members of the daily gold fix. The prices and dates were telegraphed to push the price down as far as possible. Once down the positions were exited. The banks survived and dutifully left the gold fix as agreed.

@cliveb4845 2 ай бұрын

I wonder what surprises the incoming Labour chancellor will have for us? I hate to think 😳

@AverageJane222 2 ай бұрын

Couldn't be any worse than the shit served up by the Conservatives over the past 14 years. All of our politicians are utterly incompetent.

@jdthompson123 2 ай бұрын

they could go after the pensions again. Maybe get rid of the higher rate tax relief. Also, maybe raise the state pension age to 70. They will go after the private sector, the public sector of course will be protected. My biggest gripe is the fact they take money from hard working people and give it to people who don’t work at all.

@blackbaron0 2 ай бұрын

Make the rich hitail it out of the country and make the people stay and have no choice to pay, pay.

@phildavies6020 2 ай бұрын

@@jdthompson123 Start taxing dinghies!

@fabien7123 2 ай бұрын

Canada owns no gold. Like the UK, they sold their remaining reserves in early 2000s

@garryallison4716 2 ай бұрын

At least they have plenty of gold mines to nationalise

@audie-cashstack-uk4881 2 ай бұрын

Canada is the pet project of globooo homoloooo ironic that there coinsmare some of the best bullion out there

@citizenavatar 2 ай бұрын

that needs to be fact checked

@garryallison4716 2 ай бұрын

@@citizenavatar it’s true, but uk sold half of their reserves. Not only did they sell half but they told the market 2 months in advance so you can imagine the short positions in that!!!

@c00121314brave 2 ай бұрын

Canada still has a vast amount of gold in the ground, it just hasn't been mined yet!

@grahamlamb3192 2 ай бұрын

Mr prudence ?

@alexbowman7582 2 ай бұрын

Gordon Brown sent a memo to all English police forces not to investigate Muslim grooming gangs as the girls involved had made a lifestyle choice.

@takizakura123 2 ай бұрын

Most Brits knew nothing about the sale and would have had no idea about how to buy some.

@johnnagle7702 2 ай бұрын

Head of the bank of England has senior officials ?

@user-fr3oq1zp7h 2 ай бұрын

No no no this was a brilliant move by Gordon,he sold the gold quickly to buy bombs and go to war knowing gold always goes up during war . meanwhile he bought back all the gold from the public on this island and paid them with newly printed money calling it Q E

@mindless-confusion 2 ай бұрын

So much for him making the Bank of England independent

@alexbowman7582 2 ай бұрын

My now 17 year old son was then in the pram as I was waiting at a Glasgow Trongate bus stop (right outside a Cash Converters) when I held a clunk and turned around to see a flat curved bracelet hit the ground and it’s owner walking away, I grabbed the bracelet and ran after the girl who dropped it and I returned it to her asking if it was gold and she said yes. At the time 9ct gold the weight of a 2p coin would be worth £72. It must have been worth more than £150.

@CCP_Operative 2 ай бұрын

The "We will invest the money in the country and earn a greater return" line of reasoning is often put forward. Governments often underestimate the cost of capital in government projects. They borrow via debt but are funded by taxpayers akin to equityholders who bear the risk. Yet they assume the cost of capital to be that of the cost of debt.

@joeclarke7048 2 ай бұрын

And, unlike a private individual, "They" are completely unaccountable for irresponsible speculation, walking away with "honours" and pensions rather than personal penury.

@danielrobb981 2 ай бұрын

@Dominic ... just to let you know that the vibration notifications on your phone are quite distracting @3:18 (I've noticed on a few videos now...)

@supersurfer1 2 ай бұрын

Im reaching for my phone each time.

@EnglishVeteran 2 ай бұрын

Yet another Alien as PM!

@oscarslife5497 2 ай бұрын

It wasnt just him loads of countries did it I doubt he even came up with the idea himself that call would have come from higher up the food chain than a politician.

@joeclarke7048 2 ай бұрын

An excellent video. Thank you.

@melvinp1324 2 ай бұрын

They knew back then cbdc would be the next thing

@audie-cashstack-uk4881 2 ай бұрын

And mocking gold getting rid of its status is key to that

@melvinp1324 2 ай бұрын

@@audie-cashstack-uk4881 yep -mafia in full effect

@bertross9727 2 ай бұрын

In a similar vein, the tory government has just announced a retail sale of some of it's remaining shares in Natwest group, where buyers will get one bonus share for every ten purchased. Isn't this just telegraphing intentions in the same way, and will it not just just push prices down by +/- 10 percent?? I expect the share price will finally begin to recover after the government sells it's final share! 😂

@phildavies6020 2 ай бұрын

...A bit like Vince Cable selling off Royal Mail to city speculators at a knockdown price

@bertross9727 2 ай бұрын

@@phildavies6020 yup! Privatized gains, socialized losses. If we had a better standard of politician we wouldn't have to ponder whether they're stupid, we could just say "are they bent, or are they over a barrel". I default to those two anyway but, it would sure be nice to have ministers that were actually qualified for their brief!

@RichardSFord 2 ай бұрын

@@phildavies6020 Vince Cable? Who was PM? David Cameron. Don't think he acted alone. This was just another Tory sell off to their rich mates.

@rogernorman2621 2 ай бұрын

What gets me is our leaders get away with being useless. How many really good leaders have we had? You could count them on one hand!

@nixy49 2 ай бұрын

The clown even announced it before hand...(see you mentioned it).....pretty sure, quite a few senior Labour types had dealings with jp Morgan......? No mention of paper (electronic) 'gold' tho.....to add to the insanity.

@SeanRing 2 ай бұрын

Excellent summary of history.

@Avidcomp 2 ай бұрын

I was suprised to learn that apparently Mervin King thought it wasn't such a bad idea. Hello!

@richardwalker4518 2 ай бұрын

I have a 14 year old packet of potato crisps that were given out for free one morning while crossing London Bridge. I think it was just a promotion for the crisps, not sure I understood it, but they had pictures of politicians on the packet. Mine was embossed with Mr Brown and a stamp saying 'no artificial policies'. Anyway, rather than eat them I kept it. I'm wondering what I might get for them on ebay, although with a best before date of 17 July 2010, I'd better be careful to advertise them as 'for nostalgic purposes only, not fit for consumption' or something like that.

@clangerbasher 2 ай бұрын

Germany, France, and Italy all have two or three thousands tonnes a piece.

@r3dp1ll 2 ай бұрын

And traitor Sarkozy sold a lot of our gold.

@clangerbasher 2 ай бұрын

@@r3dp1ll You still have 8 times as much as we do!

@cryptoguruguy8965 2 ай бұрын

They brought euro with it haha

@Auqalungangler 2 ай бұрын

The funds needed to go on holiday to several sunny island's in private tax havens undoubtedly

@simonstock2526 2 ай бұрын

Gordon Brown also presided over the auction of the 3G spectrum in 2000 which raised £22.5bn - literally money from thin air, and over 5x the nominal loss on the Gold

@alexbowman7582 2 ай бұрын

The fabled Eldorado, the city of gold, didn’t exist but there has been gold found in central South American and it’s reckoned that it was bought by exchanging gold for salt. We can live without gold but we need salt and the owners of a salt mine hundreds of miles from the sea swapped salt for gold.

@piglex1 2 ай бұрын

Another oatmeal savage with chips on both shoulders.This was no serious rugby player.Graduated in 'Scottish history', tutored by his father.From then on, aimed for a media job and the unions.Never did a useful productive job in his life and helped the equally unemployable Blair to wreck the UK, either deliberatley or by sheer incompetence.

@davidmartin2957 2 ай бұрын

Love your office.

@ralphykr00gz 2 ай бұрын

can you do a video on the likely possibility of a gold revaluation?

@richardplane2155 2 ай бұрын

Militant socialist, came down from Scotland, destroyed the pension system, sold gold at the absolute low, borrowed billions , printed trillions , lost the election. Went back to Scotland . And he was supposed to be the chancellor of the exchequer. Thanks . Great job.

@Lovemy911 2 ай бұрын

Stupid is ....as stupid does 😮 Forrest Gump 1994

@maxflight777 2 ай бұрын

Dominic… I admire your work. Love your books. However, I’m curious… are you overseas ? It looks sunny, like the Algarve !

@pommygeezer9309 2 ай бұрын

Sold at rock bottom. Look at the price of Gold today!!

@edwardpreston3663 2 ай бұрын

I refer to the MI6 woman whistleblower who inferred Brown may have been "obliged" to help some other entity in America with cheap gold to bail them out. Allegedly there was also an inferred connection between Brown's American secretary having influence on behalf of her diplomat husband. Conspiracy theorists may have a field day here.

@charlesbrown4941 2 ай бұрын

That’s the kind of thing I do… an amazing ability to pick the bottom of the market.

@MyScottyboy1 2 ай бұрын

Yep, I don't bet on horses either because no matter which one I pick it always comes last.

@jamesfairmind2247 2 ай бұрын

I am always amazed at the ignorance of people who say that gold has no intrinsic value. Of course it has a massively important intrinsic value which is going to push its price up exponentially over the next century or so. It is utterly invaluable in aerospace technology and as the only substance on Earth that cannot be destroyed (even if blown apart it can be melted and reformed into something new) or corroded by the environment or acids, it is increasingly valuable for use in space exploration. The only thing that protects humans and electronic instruments from solar radiation and other harmful space environmental hazards. Every satellite in space is reliant on it for reliable operation.The James Web has a gold foil covered mirror the size of a tennis court as does the Mars explorer. Without gold lined helmets and gold impregnated visors every astronaut would be dead in minutes if not seconds upon leaving a capsule. It should never be compared to crypto currency the value of which is only linked to sentiment, not practical application.

@s.a.3882 2 ай бұрын

Ministers need to accept some personal risk / responsibility for their decisions - even if it means they only lose their pensions and knighthoods.

@kaptitjaguarswatwa9284 2 ай бұрын

Merci pour l'information

@wolframdebris8102 2 ай бұрын

When he was MP in Fife the local councillers slagged him off as utterly useless!

@kevinsmith-pt6rg 2 ай бұрын

The fact that he announced the sale beforehand just added insult to injury, the price tanked. Are you sure he was under no pressure to sell? Others would beg to differ.

@nassersiaf8167 2 ай бұрын

Never a frown, with Gordon Brown 🎤🪗

@leonholly8466 2 ай бұрын

He did exactly as he was TOLD .!

@GWAYGWAY1 2 ай бұрын

@leonholly8466 Mmmmmm, Lord R strikes again?

@jdthompson123 2 ай бұрын

Even A level economics students are taught that the price of gold tends to be lower during economic booms and higher during times of recession. But Brown thought he had ended the cycle of boom and bust (which is incredibly arrogant) only for the economy to collapse not long after he said that. Talk about a bad day at the office to lose billions. In the time of Henry the eighth it would have been the gallows for him.

@masterwatch 2 ай бұрын

at the time I also thought why would they do that.. it did not make sense and it made everyone think what is the underlying agenda here.

@jodyswallow1008 2 ай бұрын

I'll always remember Gordon Brown for his raid on the private pension schemes.

@mustafamar1437 2 ай бұрын

Gold was a really poor investment until the 2008 crisis hit. Gordon Brown was making a rational decision until the price shot up. For the past 10 years gold has also been a poor investment until inflation and wars have made it a good investment. I prefer Bitcoin.

@apc4884 2 ай бұрын

The point is that he went the wrong way about it, by announcing the proposal to sell to the public. Yes, bitcoin is now a much better alternative and will surpass gold's market cap this decade, but it didn't exist 25 years ago when Brown made this horrendous decision

@bobsyeruncle5557 2 ай бұрын

No, Gordon Brown was chancellor of the exchequer and at he time he was said to be the best chancellor Britain had ever had. While this is indeed doubtful, he was none the less chancellor and certainly had more financial knowledge and ability than most. This decision to sell Britain’s gold for the lowest price possible at that time was not incompetence, he could see as everyone else could see, the consequences. It can only have been corruption. If Brown didn’t get rich, then certainly some of his masters certainly did.

@ConspiracyLoon 2 ай бұрын

Dom, bad form leaving your phone on vibrate - all your viewers, and spouses, have been looking for their phones!!

@phildavies6020 2 ай бұрын

Did his gold sale turn out to be more costly than Lamont's ERM folly or Kwarteng's budget?

@MyScottyboy1 2 ай бұрын

There must be an eyebrow conspiracy going on.

@paulhevan322 2 ай бұрын

Currently selling at£1800+ per ounce!! Going up ~£200 per quarter ⁉️

@michaelholt7994 2 ай бұрын

I was only wondering how much the country lost in money ,when brown sold our gold and it's current value today funnily enough.

@Matto_Harvo 2 ай бұрын

First. Love the Frisbee

@MAXERNEST 2 ай бұрын

Dominic Frisby live from Kew Gardens back to the studio :}

@henrywaterhouse6291 2 ай бұрын

The biggest question is who bought it, follow the money, you get your reason. Who does it benefit? ......... The corrupt few.

@letsgetreal-df7pu 2 ай бұрын

Have you Still Got Australian Gold there or have you Sold that as well mmm.

@miller2624 2 ай бұрын

It's a drop in the ocean compared to what the tories have done in the last 14 years . Truss wiped 30 billion alone, from the economy.

@weaton25 2 ай бұрын

being quite old nearly 80 years old I look back over my life and have to think we are ether led by a bunch of fools or a bunch of crooks things seemed to be going well into the 1960s and we all looked forward things were going to be so good and they just fu**k everything up I feel so sorry for young people today think that the powers that be are looking after them when we know they look after only themself

@351yt 2 ай бұрын

The monocular financial genius of the manse.

@beverlyhills7883 2 ай бұрын

Thank you! Same story in so many countries until Mandela pushed foreign governments to stop gold sales.

@crouchingwombathiddenquoll5641 2 ай бұрын

"coincidentally" , Australia sold our 260 tonne gold reserve at the same time for $304 per troy ounce. Today worth around AU$3000 per oz. A pattern of corruption is appearing.

@citizenavatar 2 ай бұрын

Australia and Canada are producers.... Switzerland has always been a trader.... see the collapse of Argentina...

@lordsummerisle852 2 ай бұрын

The Tories have been so bad you forget how terrible the last Labour government were

@petermontgomery8707 2 ай бұрын

So if brown is going to be called out for selling gold at 350 and it being at 900 3 years on why isn’t osbourne not called out for not buying at 900 when it was at 1400 3 years later?

@williamharris4426 2 ай бұрын

Why did the Royal family let it happen??

@theuktoday4233 2 ай бұрын

I'm glad you made this video has no one seems to be interested in what he did and like you I taught at the time what a stupid big mistake he's made gold is always King unless you're in a desert and you have no water in which case you'd swap an ingot of gold for a bottle of water. Like you I saw at the time there's something underhand going on here.