Nail Oliver ''commentary''
Region: GB
Tuesday 07 July 2026 20:07:33 GMT
10298
430
23
28
Music
Download
Comments
Craig :
Didn't Gordon Brown sell multiple tons to America cheap
2026-07-07 21:50:08
8
malc123456 :
Same applies to silver,
2026-07-07 21:10:44
5
Mictheloc :
Gold hasn’t actually moved, well not in the true sense of movement, when purchased. It’s just sold on paper, in essence in the majority of cases it simply stays put under different ownership.😇😇😇
2026-07-07 20:24:06
1
Libran_Tiger :
Australia actually loans gold to the Bank of England
2026-07-08 07:25:47
1
T.ZAMAN :
well well well
2026-07-07 22:14:58
3
kevin.reardon3 :
You do know the gold standard is not a thing anymore so what is the relevance of this
2026-07-09 17:20:13
0
markbridgeman236 :
they've sold it. all that exists is paper gold
2026-07-08 09:36:13
1
Mictheloc :
Just seems we are all being subjected to a massive Ponzi scheme…you couldn’t make this up …😱😱
2026-07-08 05:20:09
3
LukeONAIR :
No they sold gold that didn’t exist
2026-07-09 11:13:24
1
Babby_thanos :
Gordon Brown sold it all off cheap
2026-07-08 06:32:08
2
sean connolly :
Conspiracy
2026-07-07 20:28:28
0
Scobie :
Look at what happened in the London bullion and precious metal exchange. HSBC were in a corner... Silver was reportedly over subscribed. It all went hush all of a sudden
2026-07-07 21:07:29
2
Lynsey Salton :
maybe they had an earthquake
2026-07-07 20:37:30
1
dennis gore20 :
dumpling the dollar 💲
2026-07-08 17:25:27
0
DogD420 :
selling australias gold
2026-07-08 08:53:20
0
gerrybraid :
😂😂😂
2026-07-09 12:55:38
0
robertmd6 :
The UK sold about 395 tonnes of gold during Gordon Brown’s time as Chancellor (1999–2002). To estimate what it would be worth today: * 1 tonne = 32,150.7 troy ounces * 395 tonnes = about 12.7 million troy ounces Using a current gold price of roughly $4,100–$4,150 per troy ounce (prices fluctuate daily): 12.7 million ounces × $4,130 ≈ $52.5 billion Converted roughly into pounds (depending on exchange rate), that is around: ≈ £40–£42 billion worth of gold today For comparison: * The UK received about $3.5 billion (£1.9 billion at the time) from the sales. * The same gold at today’s market value would be roughly 15 times higher in dollar terms. However, the Treasury’s argument at the time was that the proceeds were not simply held as cash — they were reinvested into other assets (mainly interest-bearing foreign currency assets), so the calculation of the “loss” depends on whether you compare gold price alone or the investment returns from the replacement assets. The controversy remains because gold went from around $275/oz average sale price to over $4,000/oz today — a very large rise.
2026-07-08 08:43:55
2
Ringo Beck63 :
The UK printed extra cash whilst gold standard during WW1 thus debasimg currency, for WW2 lend lease USA insisted on UKs gold most of it is in Fort Knox or has USA palmed it off to China? UK should move its gold from USA to UK- oh prob not there.
2026-07-08 04:53:44
0
To see more videos from user @neiloliver46, please go to the Tikwm
homepage.
