If only Gordon Brown had waited....

  canarieslover 08:07 AM 19 Jul 11
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Answered

....we may have been a bit better off. Gold at record high

  cream. 09:20 AM 19 Jul 11

and if Maggie hadn't squandered all the hundreds of billions of oil revenue and sales from assets of utilities and banks. We would be in clover.

  spuds 09:21 AM 19 Jul 11

" Gold at record high"

Apparently not at some cash for gold places. A recent investigation by various Trading Standards and consumer advice outlets, strongly suggests that the prices being offered are far well below the going fair rate.

In fact, some of these places have been told that they must get their act sorted, or face possible prosecutions.

  Aitchbee 09:34 AM 19 Jul 11

Does that mean when I go to the dentist and he fits me with another gold crown the price will be significantly higher?(I've got three already..the last one 2 years ago cost about 150 quid).

  interzone55 09:46 AM 19 Jul 11
Answer

canarieslover

Isn't hindsight a wonderful thing.

And you don't think that a couple of hundred tonnes of gold hitting the market would drop the price somewhat.

Which is something that Clegg doesn't seem to have considered with the proposed share offer for the part-nationalised banks.

We'll all get £1,000 of shares for example, and once the price hits a certain point we can sell them and the Government gets the £1,000 and the seller gets the profit, less the share dealers commission. I wonder if Clegg has realised that the minute the price goes above the threshold a massive number of the shares will hit the market, immediately dropping the value...

  canarieslover 10:03 AM 19 Jul 11

alan14text It was only to show that hindsight is far better than a crystal ball, plus a bit of wishful thinking.

  gengiscant 10:36 AM 19 Jul 11

'In fact, some of these places have been told that they must get their act sorted, or face possible prosecutions.'

I presume these words were uttered by yet another of the countries many 'of' bodies. why cannot these people not just act instead of issuing an implied threat,which no company takes a blind bit of notice of.Oops silly me I forgot they were just set up so the great unwashed felt that the government actually gave a dam. These toothless bodies are a waste of space and money.

  wee eddie 11:10 AM 19 Jul 11

I don't think that Gordon Brown will be that happy.

As Chancellor of the Exchequer, he flogged about half of this Country's Gold Reserve, when the price was at a record low.

  wee eddie 11:18 AM 19 Jul 11

Incidentally: for those that seem to think that one Party is good and the other bad.

That Gold Reserve was built-up/increased by Maggie Thatcher, not squandered.

In Politics there is rarely one "Correct" Option. You just choose one that, in your opinion, has fewer downsides than all the others.

All Politicians, ultimately, want a favourable mention in the History Books

  Quiller. 11:43 AM 19 Jul 11

It was only to show that hindsight is far better than a crystal ball

John Major > ERM > black Wednesday. Bet he wishs he had hindsight before we joined. click here

  Quiller. 11:50 AM 19 Jul 11

Sorry wrong google link to the ERM

"Newspapers also revealed that the Treasury spent £27bn of reserves in propping up the pound."

http://en.wikipedia.org/wiki/Black_Wednesday

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