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A fact from 1999–2002 sale of United Kingdom gold reserves appeared on Wikipedia's
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Please explain what you mean by "speculative" and "opinionated". The article is reporting events starting in 1999 to 2002, up to early October 2009. How is that speculative? It also refers to the Tory disaster of Black Wednesday, so I don't see "opinionated" but YMMV. Feel free to chip away inadvertent POV. -- Testing times ( talk) 19:28, 3 November 2009 (UTC)
The article claims that the events are likened to black wednesday, but the reference for that statement (a times article) only states that the blunder was on a similar scale (although with the rising price of gold, the cost of browns bottom now dwarfs the 'loss' incurred by the UK leaving the ERM). — Preceding unsigned comment added by Pperrin uk ( talk • contribs) 02:13, 10 February 2011 (UTC)
I would like to move the page to something like "Sale of UK gold reserves", which I believe would facilitate a more neutral discussion of the topic. "Brown Bottom" sounds like a tabloid headline.-- yocto barryc ₠☎ 18:44, 26 May 2010 (UTC)
A price of gold graph would add much to this article. And a photo of Gordon. -- Dweller ( talk) 11:04, 30 July 2010 (UTC)
What is "Brown Bottom" . . . Who made this up? This article must be renamed. Sure, it's a semi-notable event but clearly one article in The Times does not warrant full notability for the phrase "Brown Bottom". This shit makes Wikipedia look weak. 79.71.82.48 ( talk) 20:10, 26 October 2010 (UTC)
The blog source for the assertion that this was done to save US institutions has a posted comment :
garyj 07/11/2012 12:36 PM ... Here is further grist  :
"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K."
from [1] which quotes :
"There is also a credible speculation that the sale was designed to benefit a few of the London based bullion banks which were heavily short the precious metals, and were looking for a push down in price and a boost in supply to cover their positions and avoid a default. The unlikely names mentioned were AIG, which was trading heavily in precious metals, and the House of Rothschild. The terms of the bailout was that once their positions were covered, they were to leave the LBMA, the largest physical bullion market in the world.
"LONDON, June 1, 2004 (Reuters) -- AIG International Ltd., part of American International Group Inc., will no longer be a London Bullion Market Association (LBMA) market maker in gold and silver, the LBMA said on Tuesday."
"LONDON, April 14, 2004 (Reuters) — NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild, will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday."
from [2].
Veneroso Associates Gold Watch 18 May 1999 quote the Gartman Letter as reporting the rumour. - Rod57 ( talk) 06:58, 10 May 2013 (UTC)
This article reads like an attack piece from the Conservative media. It throws out every criticism under the sun with no time at all given to the reasons it was done and the positives of the decision.
It should show both arguments.
Even in terms of facts it's a bit selective to tell this story. For instance neglecting the unforseen nature of the massive Spike in gold in the decades to come. 82.35.186.85 ( talk) 21:35, 19 November 2021 (UTC)