It would take 63m medals to recover Gordon's gold

Team GB would have had to win 63 million gold medals to recover the cost of Gordon Brown's disastrous gold sell-off between 1999 and 2002.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

If you needed further proof that the great British public will never forgive Gordon Brown for selling off the UK's gold reserves at bargain basement prices a decade ago, here it is. Paul Staines, AKA political satirist Guido Fawkes, has crunched the numbers to work out how many gold medals our athletes would have needed to win in order to recover the gold lost in Brown's deals. The answer: 63 million.

Here are Guido's workings out:

Each gold medal contains 6g (or 1/5 oz) of gold.

This means five gold medals are needed to make one ounce.

Gordon Brown sold off 12.7 million ounces of gold.

5 x 12.7 million = 63.5 million gold medals.

When Gordon Brown sold off the nation's gold in a series of infamous deals back in the early nougties, prices were at rock bottom. The then PM lost the country some £10bn.

And Guido's not the only Brit refusing to forgive and forget. Desmond Lenolson, an Olympic Heptathlon gold medal winner, has also weighed in on old Gordo. 'We're trying to claw back some of the losses Gordon Brown incurred on the British people and economy when he sold off 400 tonnes of our gold at rock bottom prices,' he quipped after his win in London 2012.

Looks like Gordon 'Golden' Brown will never live it down...

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