21
April
Gold hits all-time high of $1,500 an ounce (which means the amount Gordon flogged for £2bn would today fetch £13BILLION)
21 April 2011 The Telegraph
The British economy was short-changed by almost £11billion when Gordon Brown sold 400 tons of Britain's gold reserves at rock-bottom prices.
Gold today rose above the $1,500 dollar-an-ounce barrier for the first time and a sale of the precious metal by the former Chancellor that raised £2.3billion would today have fetched a whopping £12.95billion.
The precious metal hit a fresh all-time high following Monday's shock debt downgrade warning for the U.S. which also resulted in a 31-year high for silver prices.
