I’ve read this interesting question:
Why would Rothschilds Inc through Gordon Brown sell all the UK gold reserve at all time low, I don’t understand why he did this and now it’s seems he went out out of his way to fuckup, why?
Your opinion?
Wait a minute… the Rothschild family owns the UK gold reserve? I thought the Bank of England’s model was less “private” than that of the Fed’s.
Sad truth. They belong to the ruling class of England.
Hoppe answered this brilliantly in his lecture in Brazil when comparing democratic governments to monarchies.
Democratic governments are usually in power for 4-8 years or 5-10 in the UK. So during this time they try and make as much money for themselves and their friends as they possibly can at the expense of the national interest. Of course within the realms that they can get away with. I am still surprised that he managed to get away with that, that being said, most people found out after the fact. It was not like he asked for permission. I found out years later that he off loaded all the gold.
While monarchies have a more long term perspective and look to retain value and not make a quick buck.
Any idea who the principal buyer(s) was/were?
It was auctioned and I don’t know who bought it. But apparently:
It doesn’t matter if the government makes money, it matters if the special connections (the people they sell to) make money. Whoever bought that gold in the late 90s made a bonanza.
" …since nicknamed by dealers as Brown Bottom"
Brilliant!