Bank of England refuses comment on huge discrepancy in custodial gold reports

Former British Finance Minister and Prime Minister Gordon Brown infamously sold the country's gold reserves at rock-bottom prices in the late 1990's, now dubbed derisively as "Brown's Bottom."  He essentially robbed England of its treasury, further impoverishing the country.

Now, we find out the Bank of England has again sold off the family jewels, allegedly to help engineer the massive bear raid in paper gold--only to have it backfire on them as demand for physical gold soared, to the point where there are still severe shortages almost four months later.

Apparently, the powers-that-be in London, New York, and Washington, DC underestimated the purchasing power of billions of peasants and farmers in Asia when precious metals are discounted.

England and America have been pillaged--by our own central bankers.

http://www.gata.org/node/12859

Max Keiser - "Brown's Bottom" - (Documentary)

This is an oldie but goodie with Max Keiser on precious metals, price manipulation, and custodial vaults.


http://www.youtube.com/watch?v=EzVhzoAqMhU&feature=player_embedded

Gordon ("Bottom") Brown resigns

Given his blunder in "Brown's Bottom" when he sold England's gold at the most inopportune times between 1999 and 2002, it's no surprise that Gordon Brown submitted his early resignation to the Queen of England today. The former Chancellor and now ex-British Prime Minister doesn't exactly have a stellar track record.

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7511589/Explain-why-you-sold-Britains-gold-Gordon-Brown-told.html

Between 1999 and 2002, Mr Brown ordered the sale of almost 400 tons of the gold reserves when the price was at a 20-year low. Since then, the price has more than quadrupled, meaning the decision cost taxpayers an estimated £7 billion, according to Mike Warburton of the accountants Grant Thornton.

Perhaps I should give him more credit. At least he's smart enough to exit before the ship sinks.