Brits Are Selling Off Gold to Leverage Its Recent Rise [Details]
gold king, gold chess piece

Brexit has been a problem in many ways.  First and possibly foremost, in the amount of sheer turmoil, it’s created in minds and markets around the world.  Everyone trying to figure out “what it means” creates a kind of chaos old-timers are familiar with, but market newcomers — meaning anyone who started paying attention in 2009 or later – are finding the Brexit uncertainties difficult to deal with.

The morning emails brought an interesting little editorial on a new behavior happening in England — British people selling their gold to capture the recent rise in gold prices measured in British pounds.  Yes, just like here in America, when the pound dropped the price of gold in pounds rose, in this case approximately 8%. So now people who bought gold on the uncertainty surrounding Brexit are apparently looking to… Continue Reading at