Damien

Brown did sell off a lot of gold but I don't see the massive issue around it. You can only sell it once, it doesn't provide a stream of income, we don't use it to back our currency. So the only real reason to hold it is to later have an intent to sell it. The issue is then when do you sell it and this is where Brown made a mistake as gold later increased in price. However we only know that in hindsight - gold doesn't naturally have to increase in value. You might as well call him an idiot for not moving the money into Apple shares.