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Gold Spikes Most In 7 Years To 27-Month Highs
Friday, June 24, 2016 4:40
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Bonds & Bullion are manically bid overnight as the last 5 days of complacent risk-on exuberance has collapsed into a worst-case-scenario “Brexit” raising doubts about the EU’s sustability and dragging central bank experimental ideas into farce…
This is the biggest spike in gold in 7 years back to 27-month highs…
and bonds are screaming to record highs…
As 30Y yields near record lows…
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Contributed by Tyler Durden of Zero Hedge.
On a long enough timeline the survival rate for everyone drops to zero.
Source: http://www.thedailysheeple.com/gold-spikes-most-in-7-years-to-27-month-highs_062016
Gold/Silver did indeed spike, went vertical but it fell back quite a bit now.
$18 on Silver does not seem that good too me if thats all it can make in this panic when it was $48 about 4 years ago but i’m silly because i am waiting for $12 silver to start buying again.
Paying off debt now the BoE has more freedom might well double your savings on interest payments but i cannot see gold doing that any time soon and if these rises in interest rates were pasted on to savers like they once were then this in itself wound put downwards presure on metals.
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