DEBATE: Was Gordon Brown right to sell off the government’s gold reserves 20 years ago? Was Gordon Brown right to sell off the government’s gold reserves 20 years ago? Tim Focas, director of financial services for Westminster think tank Parliament Street, says YES. While Gordon Brown could have sold at a better price, for the vast majority of governments across established economies, there is no real point to holding gold. [...]
Is gold still a safe haven? Can gold really act as a safe haven during political or financial crises? This issue has come into focus in 2018 because bullion has failed to deliver so far, even as world stock markets have struggled to reclaim January’s record highs, while tensions with Russia reached Cold War levels. The oil price has meanwhile jumped [...]
Should investors brace themselves for a big stock market fall if Donald Trump wins the US election? Adrian Ash, head of research at BullionVault, says Yes. If a friend is now waking up after missing 2016 in a coma, bring them up to speed gently: start with Leicester winning the Premier League at 5000-to-one. The UK’s vote to leave the EU was discounted even by its leading proponents right until the morning of [...]
