The British are buying gold, post-Brexit. Some buyers are putting 40% to 50% of their net worth into gold. Peter Schiff reports;
Historically, the British haven’t been too keen on gold. Now that post-Brexit, the future is so unknown and the effect on the economy so uncertain, they are seeking a safe haven in both gold and silver to protect their net worth. They are worried about bank failures and inflation. They are worried about losing their life savings.
Reuters reports on one London-based property developer who said “the current sense of panic over the UK financial system was unlike anything he had ever seen.
‘I just can’t believe what’s going on,’ he said, asking not to be named. ‘Projects that were meant to happen now haven’t and the last thing I would do right now is buy another property.’
Instead, he has bought £350,000 worth of gold and plans to hold it for at least the next two years.”
Britain’s departure from the European Union could send shock waves across the global economy and threaten more than a trillion dollars in investment and trade with the United States, reports The Washington Post.
From Zero Hedge “The truth as all those who buy gold after the devaluation learn, is that for gold to be a store of value and preserve purchasing power it has to be acquired before some catastrophic, devaluing event, which as yesterday’s Brexit showed, tends to be utterly unpredictable.”
Gold and silver are real money. REAL money is inflation proof. With the US dollar losing value at an alarming rate and more bailouts with much
higher National Debt continuing to grow, now is the time to take monetary matters into your own hand and protect your money… before it is too late.
The Trump Dollar is a great place to start!