No matter what the economy says, indicates or does, it’s quite apparent that the recent pullout of Britain from the European Union (EU) provoked an unprecedented increase in the buying of gold coins. Dealers across Britain are seeing not only first time buyers, but experienced traders and knowledgeable people from all walks of life virtually stockpiling gold coins in anticipation of even more coming volatile economic times.
Equally unprecedented is the rate of speed that people are buying their gold coin acquisitions. One gold dealer stated recently, “We are seeing people convert as much as 40 to 50 percent of their net worth into physical gold, compared to the 5 to 10 percent in the past.”
Furthermore, the two weeks following the June 23rd vote saw a seven-fold increase in sales of the 100-gram bars with more than £4 million trading online at another gold trading firm–seven times the national weekend average.
Other Brit Markets Not Fairing As Well As The Gold Market
While it looks like its only going to get better for gold coin purchase buying in England, real estate property buying is looking dismal with unprecedented losses in frozen real estate assets–more that £18 billion of property funds frozen in early July following a tide of Brexit redemption requests.
History Repeats Itself
Holding true to being the proverbial “currency of kings” and a long-term hedge against just about anything economic in nature, gold once again proves its amazing track record. Throughout history, gold has held its own.
For centuries, gold distinguished itself in trade and exchange markets. During the times of a “gold standard,” almost all nations fixed their currencies against gold. In fact, gold surged the highest right after the 2008 global financial crisis that caused turmoil across world markets and boosting haven demands.
Germans have long known the effects of previous periods of hyperinflation and have insisted on maintaining a connection to gold as a tangible asset against currency fluctuations. That being said, Germans bought more than 100 tons of gold coins and bullions annually and spent more than $4.6 billion on gold purchases in 2015.
For better and more updated information, it is strongly advised you speak to a knowledgeable and reputable gold dealer or gold trade firm representative, such as those at U.S. Money Reserve. Call now at 1-866-646-8465 to see just how you can better leverage your economic outlook and future.
Learn about the Reserve’s Brexit gold coin