On Sun, 2 Aug 2009 00:09:37 +0100 Clot wrote :
The Idiot has destroyed pensions for the UK.
"I think I'll sell gold at its lowest price". What a prat. Clueless
is a word that comes to mind.

Check out http://www.the-privateer.com/chart/gold-pf.html and you
will see (1) if you mask off the post 2001? part there is no reason
to expect that the price would have moved in the way it has; and (2)
that if the Conservatives were that clever they could have sold off
the UK gold reserves in Jan 1983 or Dec 1987 and bought them back a
year or two later for half the price. Instead they borrowed billions
at interest rates much higher than now whilst holding onto a asset
whose value was going nowhere - about as sensible as getting cash
advances on your credit card whilst having a stack of banknotes under
the bed. And if GB was uniquely clueless, everyone else having a
crystal ball, then loads of people have every reason to be grateful
to him for giving them such an undeserved windfall.

--
Tony Bryer, 'Software to build on' from Greentram
www.superbeam.co.uk www.superbeam.com www.greentram.com