Category: Brexit

Gold in the United Kingdom

On June 23 the citizens of the United Kingdom voted to leave the European Union. This is a historic moment for the English nation with much festivities and celebratory events taking place to commemorate the occasion. There have been wild parties and many venues to commemorate what many Britain’s consider one of the greatest times in their nation.  One side of these coins feature a map of the continental Europe with an oversized image of the United Kingdom.

$1 and $20 coins also have the Union Jack colors within the United Kingdom. An ensignia reads “June 23, 2016 with a small arrow pointing to “Brexit.” On the other side is a portrait of Queen Elizabeth II. They were struck by B.H. Mayer’s Kunstprageanstalt in Munich using CIT’s smartminting technology. It is being issued by the Coin Invest Trust. These are only one part of “gold” emphasis instigated by Brexit. As expected, there has been some things that have been the investment market on edge right now.

Gold was the answer. In the face of this, investing in gold is being emphasized as the smartest way to go. From Brexit in June to less than one month away it rose in value by a whopping 25%. It is because of this new emphasis, that gold has suddenly become super valuable in England. This gold craze is understandable therefore spreading throughout the world. However, experts predict that this gold craze is going to plateau after the market gets over the shock of Brexit. Still, they believe we will be seeing it again during similar political times of crisis in other countries.

In any case, even if it does plateau, experts agree that it is going to plateau at a high level of value and stay that way. Although to a slightly lesser degree, the value of silver has also gone up. As with gold, post-Brexit silver was considered a safe haven asset.

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