Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Are We Headed for a Passive Index Meltdown?
By: Frank Holmes

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply
By: Steve St. Angelo

Can Bitcoin's True Value Be Zero?
By: Avi Gilburt with Ryan Wilday

Gold Seeker Closing Report: Gold and Silver Gain with Oil
By: Chris Mullen, Gold Seeker Report

Gold Stocks Remain in Downtrend but Uranium Stocks on the Cusp of New Bull Market
By: Jordan Roy-Byrne CMT, MFTA

Sunsets in the Land of U.S. Dollar Hegemony
By: Michael Ballanger

Precious Metals Sector: Itís 2013 All Over Again
By: Przemyslaw Radomski, CFA

Rugby Initiates Drilling at San Antonio Gold Project, Colombia
By: Rugby Mining Limited

Merk Research - US Equity Markets
By: Merk Research

 
Search

GoldSeek Web

 
Gold Rallies For British Investors on BREXIT Fears


 -- Published: Monday, 13 June 2016 | Print  | Disqus 

By: Ross Norman

For UK gold investors, the sharply weakening currency is proving a fantastic win for them; gold commenced 2016 at GBP 725.02 per ounce and today was trading at £907.64, netting investors a healthy gain of 25.2 pct in just 5 months. In short, gold provides an easy escape from a declining local currency.

Whilst Sharps Pixley has never advocated taking a short term gold position for tactical wins, for the discerning investor with a long term strategic view, it authenticates the case for owning physical gold and for what it does best - and that is as a long term store of value and an effective means of wealth preservation.

The UK is not unique in seeing its currency weaken and physical gold is an easy way of hedging yourself and providing wealth protection for just such an eventuality.

Although some polls are suggesting the leavers are in the lead, the remain camp still very much has the betting odds in their favour (and crucially this is regarded as the best guide), which sees them likely to secure victory with an implied 64.5 pct probability of winning.

With just 10 days to go before the vote it looks likely that the rhetoric on both sides will scale the fear factor and the British pound is likely to weaken and correspondingly gold in sterling terms may be the winner.

In the UK, gold is not everyones cup of tea, and it continues to be a much under-owned asset ; even internationally it could be said to have a minority following representing less than 0.5 pct of all assets under management.

In a world of sophisticated paper assets, we could see a time when hard assets, especially those without counterparty risk, have a renaissance. In the meantime the only thing likely to compete here in London for our attention (other than gold and BREXIT) is our national football team in the Euros. On current performance we may be unlikely to be lifting any silverware soon - but for the rest of us there is clearly another golden opportunity.

Ross Norman

CEO
Sharps Pixley, London 

| Digg This Article
 -- Published: Monday, 13 June 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.