UK investors are purchasing gold bullion in “record levels” following the news that Donald Trump has been named President of the United States.
BullionByPost, the UK’s leading online bullion dealer, said it has already sold £1m in gold bullion today with sales forecast to increase tenfold to £10m by the the end of the day.
Rob Halliday-Stein, the company’s founder, 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.
“The demand is being fuelled by global uncertainty. Whatever your political views, Trump’s victory equals uncertainty and gold is a hedge against uncertainty.”
With gold prices only up fractionally, Halliday-Stein also said that people are investing quickly as the price is “bound” to rise in the days ahead. “This is the buying opportunity of the decade because the price hasn’t moved significantly yet,” he added.