Sure to put a chill up the spines of gold bulls is U.K. Chancellor Osborne's announcement...

|By:, SA News Editor

Sure to put a chill up the spines of gold bulls is U.K. Chancellor Osborne's announcement (during his budget address) of his decision to build up the country's gold reserves, currently worth £11B. The U.K. famously sold much of its gold for about $250/oz. near the start of the century, now it's buying at $1,650?