I think it ws GB who flogged the gold off...................................... But it wouldn't make much of an impact on a £2TRILLION national debt[/SIZE]
You can only sell it once and once its gone, it's gone for good.
Jan 2009
The sale of more than half of the country's gold reserves between 1999 and 2002 has proved to be deeply controversial.
Critics say that signalling such a large sale of bullion to gold traders helped to drive the precious metal to a 20-year low.
In 17 auctions, Mr Brown as Chancellor of the Exchequer sanctioned the sale of 395 tonnes of gold.
Figures released by the Treasury show that the total proceeds from the sales was around $3.5billion. According to a Parliamentary answer, if the gold was sold last month, on December 15, it would have raised $10.5billion.
The difference - $7billion - would be worth £4.7billion if the proceeds were converted into pounds yesterday
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