» Wednesday, March 5, 2008

Gold

« | Back to most recent briefing | »

Asked if the Prime Minster lay awake at night wishing that he had not flogged off gold at a knocked down rate and waited until now, the PMS replied that equally you could make the argument that if we had sold off gold in the 1980s when the gold price was very high, then we would have made even more money. The decision made at the time, was a decision to diversify the UK’s foreign exchange holdings and to move away from a situation where we were overly reliant on one particular asset.

Asked what we relied on now, the PMS replied that we had also bought other foreign currency assets including Euro assets at the time.

Asked if we had made any money out of that, the PMS replied that he was reluctant to use the phrase, but we were not going to give a running commentary on these matters.

original source.

Briefing took place at 11:00 | Search for related news

« | Back to most recent briefing | »

No Comments »

No comments yet.

RSS feed for comments on this post.

Post a public comment

(You must give an email address, but it will not be displayed to the public.)
(You may give your website, and it will be displayed to the public.)

Comments:

This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says.

Downing Street Says...

The unofficial site which lets you comment on the UK Prime Minister's official briefings. About us...

Search


March 2008
Mon Tue Wed Thu Fri Sat Sun
« Feb   Apr »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Supported by

mySociety.org

Disruptive Proactivity

Recent Briefings


Archives

Links

Syndicate (RSS/XML)

Credits

Enquiries

Contact Sam Smith.

This site is powered by WordPress. Theme by Jag Singh