On Friday morning I woke up and turned the BBC news on to find out that the British public had decided to leave the EU and embrace the challenges of the future as an independent country. This wasn’t a result I was expecting particularly given the last few polls had suggested a swing to the Remain camp.

The Asian markets gyrated wildly. Foreign Exchange markets fluctuated wildly with the Pound at one point at the lowest level against the USD since the Mid 80’s. The European markets opened with a bang steadying later in the day.

The media was humming with the announcement from Nigel Farage, the resignation of the Prime Minister David Cameron (who supported the stay campaign) to the Bank of England Governor announcing a standby 250 billion pound line of credit to keep financial stability. After that we had Scotland and Ireland who voted to remain in the EU requesting a separate referendum to try to keep their connection to the EU.

It has been interesting living in the UK through something I can’t help but think is momentous. The British public has told the establishment both in the UK and in Brussels, enough. Now everyone needs focus on moving forward and accepting the verdict of a vibrant democracy.

Now everyone is wondering what’s next?

This is where it gets much more tricky. But in a word “change”.

I believe whilst the UK’s economy will be affected in the short term that the UK has a bright future. Assuming the EU leadership hasn’t completely lost their minds a reasonable deal for an exit must be struck. The EUs economy is not in good shape and its struggling with a huge disparity between its member countries. The EU must change its course or else the Eurozone could suffer the long term Malaise that Japan has suffered. The EU needs to focus on addressing the rising dissatisfaction of other member countries which include, Sweden, The Netherlands, Greece, Denmark, Italy and even France.

We have entered a “risk on” environment economically as no one will be immune from the shockwaves of the Brexit vote. But the real story here is the extremely fragile, debt fuelled economic recovery the world has experienced since the GFC. Central banks globally seem to be running out of levers to pull to keep trying to stimulate their respective economies.

With the US presidential election this November, the Brexit situation playing out as well as elections in France and Germany in early 2017 investors need to be diversified, prudent and calm.

The GBA team shall provide regular updates to our customers and will always be available to either sell, purchase or store their bullion.

To set up an account to purchase gold or silver from GBA today CLICK HERE

Keep informed of live spot prices, news and specials.

If you would like to stay informed about up to the minute pricing, market news and specials, subscribe here.

Live Prices

Gold

Silver

Gold

2,410.47/oz

Silver

32.88/oz

Gold

2,410.47

Siver

32.88

Latest Post

UK Hydrogen Strategy 2021 Platinum Long-Term Demand Moves Ever Higher

WHY HAVE PRECIOUS METALS UNDERPERFORMED IN 2021?

MASSIVE EXPLOSION AT ESKOM’S NEW POWER UNIT ‘MEDUPI’

Understanding Why Precious Metals Are Undervalued

The Impact of South Africa’s energy crisis on PGM mine supply

CYCLICAL TRENDS IN PRECIOUS METALS

WHY METAL FALLS?

Auctus Metal Portfolio Overview – 1 June 2021

Price Volatility & Correction In Platinum Group Metals ( PGM’S ) in May 2021

A CASE FOR PLATINUM

THE SLINGSHOT SETUP IN PRECIOUS METALS

PLatinum (Pt) UPDATE

PRICE FALLS IN METALS

The Hare and The Tortoise Story

Immense Seasonal Buying Opportunity in Gold, Silver & Platinum Is Upon Us

The impact of the COVID-19 pandemic on South African PGM supply, on global supply and ultimately on the price of platinum, palladium and rhodium. – Part 3

The impact of the COVID-19 pandemic on South African PGM supply, on global supply and ultimately on the price of platinum, palladium and rhodium. – Part 2

The impact of the COVID-19 pandemic on South African PGM supply, on global supply and ultimately on the price of platinum, palladium and rhodium. – Part 1

AUCTUS Company Portfolio Models Overview as of 1st June 2020

Gold and precious metals are among the safest investment assets during a global crisis

Investing in and Retaining a precious metal portfolio during the COVID-19 pandemic

How Cheap is Gold as of April 2020

Anglo Platinum

Platinum – Supply and Demand

Platinum price to rise as “climate change” pressure gains traction

David Davis

Auctus Metals Breaks+50% Annual Net Returns for Year 2019

Big Profits in Buying Gold, Silver & Platinum in December

What’s the difference between and optimist and a pessimist?

Our Clients Portfolio Performance Spectacular Chart Performance – 3 charts

Silver Technical Picture Price Outlook

China Devalues their Currency

Palladium – the quiet achiever of the Precious Metals Portfolio

Diversification within Precious metals – The Potential is Incredibly Compelling

Why Silver is seriously Bearish

Forecasts are now becoming mainstream plus platinum

Historical Precedent in Silver & Gold

The perfect storm slowly starts to hit and can no longer be ignored

A Momentum Lead Capitulation in Platinum, A Major Triple Bottom Develops?

Black swans darkening the sunlight out from view

WHAT IS IT ABOUT PGM’s (Platinum Group Metals)?

Have you considered Rhodium?

Historical Investment Opportunity Presents Itself

Bullion Banks ARE Now the Most Bullish on Silver in Decades!

A Confluence of Events in Silver Are Coming Together

A Confluence of Events Leading to Silver Price Rise

We are currently at a 1 in 5-year event

DEBT CRISIS, CRYTOCURRENCY, PROPERTY AND A MONEY TSUNAMI

First Bullion Bulletin – Update with David Mitchell

Porsche Gold Rush: Special operation for Porsche on the streets of London

METALS, STOCKS & BONDS

Happy New Year – what is happening at GBA and precious metal investing

HOLIDAY TRADING

NOT ALL THAT GLITTERS IS GOLD

This Week’s Specials

PERTH MINT YEAR OF THE DOG 2018 GOLD & SILVER BULLION COINS

The Biggest Opportunity in Precious Metals Since Late 2015, and the Last Chance at These Prices ?

Please tell us what you think of the new GBA website!

X
2,410.47
32.88