With the Britons voting to leave the European Union, a few days later the Sterling has plummeted, and UK stocks have had a little shake. Many people have turned to invest in gold as a safe haven for their property. The speed at which people have being purchasing gold in the recent past has been on the rise. This has been duly noted by several companies that deal with selling and buying of gold.
The current interest in the gold is highly attributed to the Brexit vote and the uncertainty in Britain’s economy. People have in the recent past started converting as much as 50 percent of the net worth in Brexit gold coin. The amount is huge compared to the previous year’s investments that were about 7 percent. The increased interest in gold has also seen a change in the price of the product. The price of Gold has been slowly escalating since as its demands increases.
If you are thinking of purchasing gold, then it could be the right time to have a percentage of your net worth invested here. Before you buy gold, there are a few things to consider such as who you will buy gold from? What delays and hassles could you face and how wide is the gap between the time you purchase it to the time you may want to sell. You can find lots of gold and small bar shops online which you can use for investing in gold.
Gold has also had a huge interest in the recent past since the retail gold investment and markets are very lucrative both for the investor and provider. There are also large wholesale gold bullion markets that trade in large coins and large bars to create a huge market for Gold.
The stock market has been on a slippery slope after Brexit. Skepticism has rapidly grown and stocks have been seen as a bad weather investment. However, according to experts from the US money Reserve, precious metals such as Gold and Silver have experienced a forward leap. The demand has increased since the value of several currencies has steadily weakened. This is however not true in the case of silver and gold coins. Experts have predicted that the coins are set to have an increased value.
If you want to reap the rewards with the gold coins, it mostly depends on what you want to achieve. Gold investments are simply good for buying, locking away to get a real potential and huge profits. Gold is always a safe haven for financial turmoil. The recent European Brexit has seen investors seek alternatives. The Brexit vote increased the demand for the product and according to predictions, it did quite well compared to other investment platforms.