Brexit Gold Buying – UK Demand for Gold Bars Surges 39%
GoldCore
GoldSeek.com
Thursday, 30 March 2017
– UK investors buy gold bars as demand surges 39% in 2016
– Brexit Day sees Article 50 triggered and pound weakens
– “Brexit nerves” see “Brits hoard gold” reports WSJ
– End of 44 year relationship with closest economic partner
– May sets Brexit clock ticking in letter to Tusk
– UK PM says “A great turning point in our story”
– Threat as security raised as negotiating tool
– Brexit uncertainty to impact business and economy
– Robust demand for gold coins, bars due to political and economic uncertainty
– French elections in 3 weeks & U.S. ‘Civil War’ politics
– UK National Debt now £1.84 trillion
As the UK triggered its formal departure from the European Union yesterday, gold demand from UK investors remained ongoing and robust with increased numbers of British investors diversifying into physical gold in order to hedge the considerable uncertainty and volatility that the coming months and years will bring.
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