The Pure Gold Company has seen a 683% increase in first-time investors purchasing physical gold bars and coins over the past seven days.
The Pure Gold Company, which buys physical gold and silver on behalf of private investors, saw a 987% increase in gold sales over the last seven days, compared to the weekly average over the last year.
Josh Saul, chief executive of The Pure Gold Company, said: “Over 56% of the clients purchasing since the start of December are financial professionals, and they are deeply concerned about the effect this deadly disease might have on the financial markets.”
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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
Investors flocked to the safety of gold in the hours after the UK experienced political turmoil as two senior cabinet members resigned yesterday.
Hedge funds are often viewed as an indicator of market direction and as they’re now piling investment resources into gold, it’s worth considering what they know that ordinary investors may not.
We’re reminded gold is a safe haven but why is this and how can you tap into the precious metal?
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Josh Saul from The Pure Gold Company talks about how a gold investment company has seen a 130% increase in physical gold sales this week by UK investors as tensions mount between the US and North Korea.