Gordon Brown - My Fake Diary

Thursday, 23 August 2012

Management Today article:

If you needed further proof that the great British public will never forgive Gordon Brown for selling off the UK's gold reserves at bargain basement prices a decade ago, here it is. Paul Staines, AKA political satirist Guido Fawkes, has crunched the numbers to work out how many gold medals our athletes would have needed to win in order to recover the gold lost in Brown's deals. The answer: 63 million.

Here are Guido's workings out:

Each gold medal contains 6g (or 1/5 oz) of gold.

This means five gold medals are needed to make one ounce.

Gordon Brown sold off 12.7 million ounces of gold.

5 x 12.7 million = 63.5 million gold medals.

When Gordon Brown sold off the nation's gold in a series of infamous deals back in the early nineties, prices were at rock bottom. The then PM lost the country some £10bn.

Huh!