Brown 'Ignored' Gold Sale Warning

Summary


GORDON Brown was facing damaging claims last night that he ignored advice from officials and sold off more than half the country's gold reserves when prices had hit rock bottom.

The Chancellor is set to face questions in Parliament over the affair, which centre on a series of auctions in 1999 and 2002 when Brown sold off an estimated 400 tons of bullion to raise funds for public spending.

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Extract


Brown 'Ignored' Gold Sale Warning

The deals were made when the price of gold had reached a 20-year low. But prices have subsequently recovered and Br...

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