SELLING GOLD, THE WORST INVESTMENT DECISION OF ALL TIME?
Hello and welcome to the May edition of the Priscum newsletter. The 7th of May marked the 20th anniversary of what some have called the worst investment decision of all time. Chancellor Gordon Brown commenced selling over 400 tons of gold between 1999 and 2002 at an average price of $275 an ounce. The price today is about $1,279, a reminder perhaps that investment is a long-term game. Some think that it was sensible to diversify our assets.