Gold wins from Brexit. But other commodities lose
Gold prices soar, but many commodities will suffer from the ripple effects of the referendum GOLDBUGS are natural Brexiteers; intensely suspicious of large bureaucracies like the European Union and avid conspiracy theorists when it comes to the power of global “elites”. They had double reason to celebrate on June 24th, when Britain’s decision to leave the EU sent gold prices soaring. But the rise of the yellow metal is also a symptom of the fear that Brexit is unleashing on t
Gold soars with dollar, oil shudders after Brexit
Gold clocked up its biggest daily gain since the 2008 financial crisis on Friday as Britain's vote to leave the European Union spread political uncertainty and economic growth concerns, hitting industrial commodities such as oil and copper. The 52 percent backing for leaving the 28-member bloc created the biggest global shock since the 2008 financial and economic crisis. [MKTS/GLOB] The result reverberated worldwide, prompting more investors to park their cash in the safety o
Gold Price: USD 65,000/oz in 5 years?
16 June 2021 is exactly five years from today. What will the gold price be on 16 June 2021? Currencies are Worthless As the world’s fiat paper currencies have lost 99% or more of their purchasing power over the last 100 years, its critical to understand that fiat paper currencies are not a suitable unit of account for accurately measuring prices. In fact, gold is a far superior measuring stick of value than paper currencies. A paper currency doesn’t measure anything. It merel
