The possibility that John McDonnell could soon run the economy and set taxes has prompted several Jewish businessmen to divest from the UK
At the peak of the financial crisis a decade ago, I found myself bombarded by friends with questions as to what they should do with their cash to keep it safe.
The Pure Gold Company saw a 723% increase in people purchasing physical gold bars and coins on Monday compared to the daily average for 2018, citing concerns of a market crash after Theresa May’s decision to abort the vote for her Brexit deal on Tuesday
According to The Pure Gold Company yellow metal demand spiked by a staggering 398% on Tuesday when prime minister Theresa May’s Brexit plan was being savaged in the House of Commons.
Yesterday, the Government suffered three major defeats in the House of Commons regarding its Brexit stance and was found in contempt of Parliament for failing to publish the legal advice it has received about its proposed Brexit deal.
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The Pure Gold Company which has seen a 398% increase in investors purchasing physical gold since Tuesday, said: “We had a 79% increase in first time investors purchasing physical gold yesterday”
The Pure Gold Company 19/12/18 The Pure Gold Company’s Joshua… Continue reading BBC Radio
We’ve had people purchasing gold this week at a rate not seen since just after the Brexit referendum in 2016 when gold jumped by more than 20% while sterling crashed. We saw a similar buying trend on Thursday as the pound dropped by almost 2% while the gold price increased by over 3% in sterling terms.”
“After starting October below the $1,200 per ounce milestone it’s gained almost 50 bucks and, as I wrote this was dealing just short of $1,235.”
Gold isn’t viewed as a risky asset, but it can go up or down in value and it doesn’t pay a dividend or provide a return unless the price rises
“Concerns about the stability of the banking and financial system have already prompted people to buy gold this year. With these fears confirmed by the Bank of England’s report, clients are returning to take advantage of the gold price, which is at a relative low compared to last month.”