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Money Observer: As markets take a turn, investors flock to gold. Is this clever or foolish?
Following the failure of the US and China to reach a trade deal, fear has spread throughout the markets that the trade war between the world’s two largest economies will not be coming to an end anytime soon.
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Money Observer: North Korean nuclear provocations pushes gold to 12-month high
The gold price now stands at £1030 per ounce. On the day of the EU referendum vote it stood at £844.95 and on June 24 when the Brexit results were announced it hit £960.85.
Tag: Money Observer
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Is a Wealth tax likely in your lifetime?
How probable is a future UK government taxing the wealthy amid rising Labor influence? What would be the targeted assets, and how would they determine their value? Additionally, how does physical gold factor into this scenario?
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