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Fintech Finance: Gold Sales Jump 68% after Stark Warning from Bank of England
“Concerns about the stability of the banking and financial system have already prompted people to buy gold this year. With these fears confirmed by the Bank of England’s report, clients are returning to take advantage of the gold price, which is at a relative low compared to last month.”
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The Times: The expected race for gold turns into an amble
“There has been a threefold increase in the number of people reducing their reliance on shares in their pension funds this year; they are buying gold bars instead.”
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The Independent: Gold prices boom as fears grow over North Korea nuclear crisis
When crises loom, many opt for a so-called flight to safety, hurling their money into the precious metal as its value climbs and (they fear) other assets stumble and prices plummet.
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The Times: Improbably, Boris has a Midas touch
The resignation of Boris Johnson as foreign secretary could have ramifications for Britain’s Brexit prospects — but there is another consequence many may have missed.
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International Investment: UK PM May’s Brexit woes lead to gold rush with 237% hike
“We saw a 237% increase in people purchasing physical gold earlier this week, following the resignation of David Davis and Boris Johnson.”
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Your Money: Investors rush to gold as political turmoil heightens
Investors flocked to the safety of gold in the hours after the UK experienced political turmoil as two senior cabinet members resigned yesterday.
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International Adviser: UK political shake-up sees gold investments jump
The Pure Gold Company said it has seen “a 193% increase in people removing exposure to their equities from within their pensions/Sipps” in order to purchase physical gold bars within the same vehicle.
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Express: No bar to gold trading now
The price hit an all-time high of $1,917.90 (£1,455.78) an ounce in August 2011 when the euro threatened to implode, but has fallen by a third to trade at $1,275 now.
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Financial Money Tips: Gold vs Bitcoin – Tradition vs Technology
It is currently fashionable to pay for your latte with Bitcoin at the handful of trendy coffee shops that accept the cryptocurrency. You could also theoretically use your legal tender gold coins to pay for a macchiato,
Featured in the Press
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A Million In Gold
Good Morning Britain viewers found out when Josh Saul, CEO of The Pure Gold Company was asked by ITV to bring the newly minted coins and bars into the studio.
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