Telegraph
"A decade ago Gordon Brown started to sell-off Britain's gold reserves - at the time the price of gold was $282 an ounce, today it is $900-plus. ....John Mulligan at the World Gold Council said: "The announcement that Gordon Brown was going to sell off (415 tonnes) of the UK’s gold reserves occurred on 7 May 1999, but the gold was actually sold in stages, totalling 395 tonnes, between 1999 and 2002. The price (pm fix) on the day of the announcement was $282.40 / oz. or £172.84.
"The announcement had a negative impact on the price which slid to a low of 252.80 in $ terms (on 20 July 1999; its £ low came a few months later), before gradually recovering and rising fairly consistently ever since. 10 years later, yesterday, the gold price (pm fix of 7 May 2009) stood at $912.25 / £606.43 per ounce (a rise in value of 223pc, or 251pc in sterling terms)."
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