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Motion · S6M-11587 · 6 Dec 2023

UK Gold Reserves and the Cost of Living Crisis

Lodged by Kevin Stewart Standard Motion 13 supporters

The motion

That the Parliament recognises that the value of gold has reportedly reached an all-time high price of £1,682 per troy ounce; remembers that the previous UK Labour administration, under Tony Blair and Gordon Brown, sold around 12.7 million troy ounces of gold for approximately £2 billion, at a time when the market was at a 20-year low; understands that, today, the same amount of gold would be worth £21 billion, and believes that what it sees as this lost £19 billion would have gone a long way to help people during the current cost of living crisis.

Supporters (13)

Source: the Scottish Parliament motions and amendments record.