Gold price surging as Sterling Slumps On ‘Hard Brexit’ Concerns, Up 36% YTD

Via Mark O’ Byrne @ goldcore.com

  • “GBP gold is just 13% below the all time record nominal high in sterling terms of £1,161/oz, reached on August 24, 2011. Gold bottomed at £700/oz in July 2015 and has seen a series of higher lows and higher highs since then”
  • “Over the long term, gold has performed well for UK buyers and protected them from the risks manifest in recent years. Over 10 years, gold in GBP terms is up more than threefold or by 222% from £317/oz to £1,023/oz. An average annual performance of over 13% per annum”

Read more here…

gold-in-gbp

 

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