The traditional ‘safe havens’ in times of uncertainty for investment markets have been bonds, cash and gold. However, with bonds and cash currently offering negligible returns, concerns about Brexit, the economic slowdown in China and doubts about the strength of the US economy, professional investors are, perhaps unsurprisingly, favouring gold.
George Soros, the billionaire who famously ‘broke the Bank of England’ by betting against sterling in 1992, and who has a knack of calling markets, has been an enthusiastic buyer of the precious metal.
Meanwhile, the Royal Mint, the Government body which is responsible for “minting” Britain’s coins, is offering investors the opportunity to invest their pension pots in gold.
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