tag:blogger.com,1999:blog-8212152.post-3565784505795202812007-11-07T09:44:00.000Z2007-11-07T09:44:00.000Z2007-11-07T09:44:00.000ZChris - "What's worse? A run on a very small mortgage bank whose money grubbing risk taking and excess profit taking had got them into a mess. Or Black Wednesday."<BR/><BR/>How about announcing the intention to sell half of the UK's gold reserves so depressing the price obtainable for the sale and then selling at this reduced price? The gold price has more than doubled since that decision, a decision that lost the country about £3.5 billion at today's exchange rate. How about then using a third of the sale proceeds to buy Euros which then plummeted in value?<BR/><BR/>Not for nothing is that point in the gold price where Gordon "economic genius" Brown sold half of the UK's gold reserves, called "Brown's Bottom".Not a sheephttp://www.blogger.com/profile/14123293202225008273noreply@blogger.com