Gold rocketed this morning as the shock UK referendum result saw carnage in financial market prompting a rush to safe haven assets like gold. With sterling falling to its lowest in 30 years, the biggest gains were seen in gold for UK investors which rose 20% in just a few minutes before settling this morning at gbp 960, a gain of 12% on the day so far.
At Sharps Pixley we have seen our busiest day ever with online sales draining our stocks of our larger bullion bars and prompting us to call on emergency reserves of kilobars from Germany. Our stocks of many coins have also been bought out with only limited availability today.
Speaking of the gold rush Ross Norman, CEO at Sharps Pixley said "gold has done what it does best and that is to provide investors with protection against currency weakness and political uncertainty- it is a safe haven asset with wealth preservation properties - the prescient investor has been well rewarded by his caution".