A comedy of errors (in two acts)
Prologue: ? Two kingdoms, both alike in dignity, ? In fair Europa, where we lay our scene, ? From ancient gold to modern crypto-spree, ? Where civil hands make civil coffers lean.?
Act I: Brown’s Bottom Scene: London, 1999. The Royal Treasury.?
Enter ANTIPHOLUS OF LONDON (Gordon Brown), Chancellor of the Exchequer?
BROWN: What ho! This gold doth weigh our vaults too heavy, ? Methinks ‘twould shine more bright in a foreign hand. ? Let’s sell it quick, while price is low and bevy, ? For surely gold’s value shall ne’er expand!?
Narrator: And lo, 401 tonnes of gold did fly, ? At twenty-year lows, a mere $275 per ounce. ? $3.5 billion raised, a sum to make one sigh, ? When future prices would this choice denounce.?
CHORUS: O “Brown's Bottom,” aptly named indeed! ? Both market’s low and posterior to kick. ? A legacy of loss, a glutton’s greed, ? A tale to make e’en Midas feel right sick.?
Act II: Lindner’s Low Scene: Berlin, 2024. The Bundesfinanzministerium.?
Enter ANTIPHOLUS OF DEUTSCHLAND (Christian Lindner), Finance Minister?
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LINDNER: What’s say south Saxon son? Seized crypto from a pirate’s hoard? ? This digital gold must not our coffers clog. ? I’ll sell it swift, lest values be ignored, ? And prove myself a true financial dog!?
Narrator: 50,000 Bitcoin, a fortune vast, ? Sold at $54,000, a princely sum. ? But lo! The price did rise so hard and fast, ? To $65,000, leaving Lindner glum.?
CHORUS: Alas, poor Lindner, we knew him well, ? A fellow of infinite jest, of most excellent fancy. ? $270 million lost in this fiscal hell, ? Enough to buy Ephesus plus Greek isles, so fancy!? ?
Epilogue: ? Two ministers, so alike in deed, ? Their uncanny knack for loss takes the lead. ? We pity their errors, though pardon’s withheld, ? For coffers now empty where once riches dwelled.?
So ends our tale of fiscal comedy, ? Where timing’s all, and all’s sold hastily. ? Remember, dear friends, as you count your own gold, ? The follies of those who too quickly sold!?
Exeunt all, pursued by a bear (market)?
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Partner & COO at Fundrella
8 个月Swap the 5 and the 7 around from the sale price and you have the value of the 401 tonnes of gold at today's prices => $257 billion. Still only 7 and a bit % of the UK national debt, but would come in handy all the same!
Head of Digital Assets + Partner, Dispute Resolution & Insolvency Law at HopgoodGanim Lawyers
8 个月I’m going to create extra accounts just to add extra reactions to this post.
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8 个月"Wundorful" offering, Robert ... albeit on such tragic subject matter. I guess it is only money at the end of the day.