The value of gold increased by more than 20 percent hours after the BREXIT vote. On the contrary, the value of Great Britain Pound was at a record low for the last three decades trading below $1.30 due to concerns of stock market meltdown. Many investors turned to gold as they envisioned tough times ahead when various currencies such as Great Britain Pound could find difficulty returning to its original value. BREXIT brought a sense of panic and uncertainty not just in Britain, but the European Union and beyond. Some investors have even bought gold for the first time in their life.
On the day of voting, gold traded at $1260 per ounce. At the time, the polls suggested that remain side would win and Britain would have to stay in the EU. After the vote on Thursday, it became clear that Britain had voted to leave the EU, the price of gold soared to about $1350 an ounce representing about a six percent rise. Many financial analysts believe that the sharp increase in the price of gold and fall of the GBP was because the investors were caught unawares.
The historic vote impacted the financial balance of the world, and it was a decision for the United Kingdom to leave the European Union. The reason there was a rush in the demand for gold was that investors were rushing to safeguard their wealth. Before BREXIT, Britain’s biggest online gold dealer BullionByPost, forecasted the biggest ever trading day if the voters decided to vote Britain out of the EU.
As Britain voted out of the EU, it was a moment of reckoning and a day that will be remembered by the future generation. Therefore, gold miners and producers of gold products took the opportunity to ensure people do not forget the day that changed the future of Britain as a non-member of the European Union. Dealers such as the Govmint are selling gold coins measuring 26 mm, 1/10 oz. The coin features the outline of the UK and a color opposite that of EU. U.S. Money Reserve also received a high demand for gold following the BREXIT shocks in the market. The agency currently serves hundreds of thousands of clients who have bought gold to safeguard wealth.
Learn more: http://coinsite.com/gold-coin-values-rise-brexit-fears/
Blogging for the Huffington Post is a pretty good writing assignment. Bloggers don’t get paid by HuffPo, but they get an enormous amount of exposure. The online news outlet has more than 79 million readers. Arianna Huffington started her online publication as an upscale celebrity gossip venue, but it didn’t take long for the HuffPo to turn into a liberal information center that tackled every facet of human life through its competent blogging staff. Angie Koch, the Chief Executive Officer of U.S. Money Reserve, is now a member of that elite group of writers.
Ange Koch is very knowledgeable about a wide range of topics. Her first blog post with the Huffington Post talked about the women that influenced both political conventions. If there were any clear winning aspects coming out of those conventions, those aspects would certain be women power, and the present and future role of women in society.
Koch also speaks and writes about the changes that are taking place in the precious metal market. People want to know why gold is increasing in value at such a rapid rate. Koch believes the gold rally is the product of the stock market fiasco in China in 2015. Learn more about US Money Reserve: https://www.youtube.com/user/usmrwebvideos
The Shanghai Composite Index dropped 47 percent since its peak in July 2015. Investors are concerned about China’s economic turmoil, and they are investing in gold. Chinese investors moved away from the stock market and invested in gold, and investors around the world are doing the same thing.
U.S. Money Reserve has experienced a jump in their rare gold and silver coin business because of the economic issues in China. U.S. Money Reserve President Philip Diehl thinks more investors will add gold coins to their IRA accounts because they appreciate faster than ever. Koch thinks the company’s numismatic and coin research specialists are helping small and large investment professionals add another strategic asset to their portfolios when they invest in rare gold, silver and platinum coins.
Koch will write about the changes that are taking place in her industry as well as in segments of the business world when she blogs for the Huffington Post. According to an article published by PrNewswire.com, Angie Koch is a welcomed addition to the stable of bloggers at HuffPo. Phil Diehl thinks that Koch will help spread the word that investing in coins is one of the ways to protect acquired money from the rough economic times ahead.