Daily Telegraph- Britain misses out on £36bn after Gordon Brown sold the gold

Lee Robinson was talking to Telegraph Markets Editor Chris Price about how the decision to sell off Britain’s gold has proved both hugely controversial and hugely costly.

Lee Robinson, chief investment officer of specialist fund manager Altana Wealth, said it “was crazy to have sold it”…

… Mr Robinson said: “It’s very difficult politically for the Labour Party Government to buy it back.

“How do they come out now and buy it at $4,000, having sold it at $276 just two decades ago? I’m not sure they even have the vision to do it, but even if they did, I don’t know if politically they could get it through.”

Mr Robinson added: “The only people who’ve shown real interest in gold have been the Germans and Dutch who’ve repatriated theirs back from the US, but they haven’t bought more, so you can’t just blame the Bank of England.”

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