Gold Produced Nearly 14 TIMES BETTER Return Than The Stock Market in the Last 15 Years Alone…
Now that the UK has voted to LEAVE the European Union the price of Gold – WORLDWIDE – is expected to skyrocket…
The British pound held its biggest two-day advance against the dollar in more than seven years. George Soros, a billionaire investor, said the possibility of Britain leaving the European Union could have a big impact on the pound.
“I want people to know what the consequences of leaving the EU would be before they cast their votes, rather than after,” Soros wrote in the Guardian newspaper. “It is reasonable to assume, given the expectations implied by the market pricing at present, that after a Brexit vote the pound would fall by at least 15 percent and possibly more than 20 percent.”
James Butterfill, head of research and investment strategy at ETF Securities backed that statement up, stating at the Inside ETFS Europe conference, “Brexit would be very beneficial for shorting sterling and we will probably see a big pick up in gold. In that scenario we think gold could hit $1,400 an ounce.”
Many analysts and speculators in the gold market have remained bullish on the yellow metal and see it climbing higher as the referendum gets closer.
“With just over two days left until the EU referendum vote, uncertainty and anxiety should skyrocket and this could propel gold prices higher,” said Lukman Otunuga, research analyst at ForexTime.[/text_block]