Prime Minister Theresa May said on Monday it was wrong to say a "hard Brexit" was inevitable, after sterling fell to a 10-week low following comments interpreted as a signal she would prioritize border controls over EU market access.
The yuan collapse sends China physical gold premium soaring to three-year highs, according to Bloomberg: Two weeks ago, China joined the long procession of countries to declared war on cash and gold. The result has been a new all-time high in the bullion Dealers shops of $40 dollars over spot on the main land of China.
An astronomical amount by any standards. Interestingly, only a small fraction of this monumental amount has been allocated to gold investments. Here below is the record of gold investments since 1980. To be sure a brief history of gold investment demand will indubitably put our analysis into sharp perspective.