UK Investors Want Gold!

Like what we’re seeing in India and China, UK’ers apparently want some golden security. Firms selling and storing physical gold are seeing rather dramatic increases in demand, such as BullionVault in Great Britain. The term for such companies is “fintech”, as in “financial technology”. Gee whiz, do we really need a new tech-term these days? Guess so, but seems like trading and storing gold are tasks humans have been doing for, oh, about the last 5,000 years. What we really need is an emoji…

The Gold Enthusiast will be commenting at length in the future over what “more demand” usually means for prices, despite the efforts of central banks and others to relegate gold to the scrap heap of history. After all, The Gold Enthusiast got an A in Economics back in the days before the New Math.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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