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Originally Posted by Sirius
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£4.7billion and counting?
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Found this if anyone's interested:
http://www.telegraph.co.uk/finance/p...rown-told.html
Quote:
The taxpayer lost an estimated £7 billion, twice the amount lost when Britain left the Exchange Rate Mechanism in 1992.
The proceeds from the sales were invested in dollars, euros and yen. In recent years, most other countries have begun buying gold again in large quantities.
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Sadly it all seems like peanuts given the vast sums currently at stake........