| 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
Silver is king, Go Gold !
G.Sandro Forum Argent
pas de copier collé: merci de faire un lien vers ce post.
Suivez Hardinvestor sur Twitter
et sur Facebook
Inscription : 04/02/2005
Messages : 12928