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Why is everyone buying gold after Trump' victory?

10th Nov 16 9:31 am

Investors going crazy for the gold bullion?

Following Donald Trump’s victory yesterday investors have started to snap up physical gold bullion in record numbers, this is according to a UK leading online bullion dealer

Birmingham based Bullion By post has already sold £1m of gold bullion yesterday. It’s also on course to hit a record of £10m sales by close of business.

Rob Halliday-Stein, the founder of Bullion By Post, said: “This is bigger than Brexit for gold sales and we’re on course to hit a record £10m sales by the end of today,”

He also added: “The demand is being fuelled by global uncertainty. Whatever your political views, Trump’s victory equals uncertainty and gold is a hedge against uncertainty.”

Gold prices have only gone up slightly and they are expected to rise even more in the next few days.

“This is the buying opportunity of the decade because the price hasn’t moved significantly yet,” said Halliday-Stein.  

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