Coins & bullion since 1973


We educate first-time investors.
Low-key, professional guidance for safe haven investors.


Daily Gold Market Report
gold prices

Live London Gold News Wire
1 to 2 hours old --LIVE NEWS--
Gold races to 2-year high as investors seek refuge from Brexit21:44
Reuters - Business
Gold Futures Expected To Continue Upward Momentum Next Week21:09
Bernama - Malaysian National News Agency - Markets
2 to 4 hours old --LIVE NEWS--
Gold up 4.69 percent after UK votes to quit EU20:06 - Markets
Fuel becomes cheaper, but Gold turns costlier19:26
The Economic Times
Sensex falls and recovers; gold best bet now19:14
DNA India - Money
4 to 6 hours old --LIVE NEWS--
Gold soars18:04
The News International - Business
A Tale Of Two Asset Classes: Gold Miners Soar, Banks Crash17:56
The Market Oracle - Stock & Financial Markets
Gold rises most since 2008 crisis as investors seek Brexit haven17:18
Mining Weekly - Gold
6 to 8 hours old --LIVE NEWS--
Gold Rallies Most Since 2008 Crisis on Brexit16:45
Bloomberg - World
Gold price touches high16:45
Daily Times - Business
Why Chesapeake Utilities, Gold Fields International, and Finish Line Jumped Today16:29
Nasdaq - Global Markets
Gold gains 1,220 to hit 26-mth high16:12
The Times of India
Gold surges following Brexit16:06
Daily Sabah - Money
Teranga Gold's Acquisition: A Game-Changer, Or Too Much Risk?15:56
Seeking Alpha - All Articles
A few thoughts on Gold, currency and “risk free savings” in the wake of Brexit15:52
Zero Hedge
Why Chesapeake Utilities, Gold Fields International, and Finish Line Jumped Today15:47
The Motley Fool
Brexit Blastoff For Gold?15:34
Google Searches For "Buy Gold" Soar 500% After Brexit15:32
Zero Hedge
What the leave vote means for gold going forward15:32
Zero Hedge
CANADA STOCKS-Gold mining stocks mute TSX loss after Brexit vote15:18 - Regulatory News
Gold races to 2-year high as investors seek safe haven15:11
ArabNews - Economy
Earlier Today --LIVE NEWS--
Gold soars as investors seek safe haven in Brexit fallout14:59
Financial Post
Brexit Friday: British Pound Proves To Be Weakest Link As Gold Wins Big14:53
Kitco - News Bites
Gold races to 2-year high as investors seek refuge from Brexit14:51
Arabian Business - Commodities
Gold rises most since 2008 crisis14:47
Gulf Today - Business
Surging Gold Stocks Help TSX Deal With Brexit -- Canadian Commentary14:28
Nasdaq - Global Markets
Gold Surges Following 'Brexit' Decision14:28
Nasdaq - Global Markets
Looking For Safe Havens? Buy Gold! Buy Treasuries! Buy...Bitcoin?14:24
Fox News - Markets
Gold Seeker Weekly Wrap-Up: Gold Explodes Higher on Brexit Shock14:21
Gold is back to where it was in March, 2013 (in GBP, anyway)14:17 - FT Alphaville
Gold soars with dollar, oil shudders after Brexit14:14
The Financial Express
Buying Gold is a Fool’s Game, Even in Brexit Panic14:12
TIME - Investing
Gold Surges 7.5 Percent Due to Brexit13:54
NewsMax - Finance Insiders
Copper stocks deep into red as gold miners surge13:54
Gold, Silver, Miners: Downside Risk Looms13:52
Seeking Alpha - Macro View
Fleetmatics-Is The Investment Case Just Blarney Or Is There A Real Pot Of Gold At The End Of The Rainbow For This "Irish" Software Company?13:52
Seeking Alpha - Investment Ideas
COT Gold, Silver and US Dollar Index Report - June 24, 201613:41
Gold Stocks Are Shining on Brexit Shocker13:37
Nasdaq - Global Markets
Gold Price Today Surges to Two-Year High After Brexit Vote13:35
Money Morning
5 Best Gold Mining Stocks for Growth Investors Right Now13:27
Nasdaq - Global Markets
Gold Rally Isn’t Over as Buyers Seek Haven From Brexit Aftermath13:25
Bloomberg - Germany
Brexit turmoil: Global stocks and the pound plunge, gold rises13:22
Newshub - Money
Gold Shows Safe-Haven Powers, Now What?13:22
Kitco - News Bites
Gold strikes two-year high on Brexit vote13:21
Pakistan Today - Business
It’s time to buy gold13:21
Dubai Chronicle - Markets
Infill projects win gold at builders show13:14
U-T San Diego - E-commerce
Gold seen poised for sustained upturn13:14
Nikkei Asian Review - Commodities
Gold Hits a 2-Year High Following Brexit Vote13:11
TIME - Investing
AUL Wins Gold for the 2016 Dealers' Choice Awards13:11
PR Newswire (Press Release) - Transportation, Trucking & Railroad
Barrick Beating Freeport Most Since 2012 Shows Gold Rules: Chart13:05
Bloomberg - Gold

Gold Surges on Haven Demand Following UK Vote to Brexit

by Peter A. Grant

June 24, AM
(from --

As the voting results from the UK started coming in last night, there was a massive flight to quality. Gold, Treasuries, Bunds, the yen and the dollar all surged. The British Pound, euro and global stocks all tanked.

Gold hit a two-year+ high of 1358.80 last night before retreating back into the range. This may be attributed to deleveraging as investors sell profitable positions to cover margin calls elsewhere in their portfolios. However, the underlying bias toward safe-havens remains; and likely now will remain for some time.

When the European Commission released a statement about the Brexit win today, the introduction to the statement crystallized in my mind a major reason why the UK voted to leave:
Joint Statement by Martin Schulz, President of the European Parliament, Donald Tusk, President of the European Council, Mark Rutte, Holder of the Presidency of the Council of the EU, Jean-Claude Juncker, President of the European Commission
There are not one, not two, not three, but four Presidents on this statement. The EU is a massive, cumbersome bureaucracy. There are 170,000 pages in the EU's "acquis communautaire," the rules, directives and regulations of the union. It is a weight on the potential prosperity of every member nation.

"It is obvious that the economies of EU member states are falling behind those of other high-income countries, falling behind consistently, and by a significant amount. Too much regulation must be the main explanation," said Tim Congdon, a prominent British economist and businessman, in a recent Forbes article.

Alan Greenspan said this morning that the Brexit vote "is just the tip of the iceberg." There are rumblings elsewhere already . . .

Scotland voted resoundingly to stay in the EU, but obviously the broader UK vote means they will leave with the rest of the Kingdom. Unless of course they vote once again on their own independence, which they will now most assuredly do.

The FT reports that eurosceptics from the Netherlands to France are calling on their own governments to hold similar stay/exit referendums. The EU was already frayed at the edges in the wake of the European debt crisis of several years ago. Now it may well be failing. It's worth noting that everytime

The Fed had the following to say:
The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy.
One thing they most likely will not be doing it raising rates. Rate hike expectations plummeted in the wake of the Brexit vote and the resulting market volatility. The über-accommodative policy stances of the world's major central banks will continue to offer an underpinning to the gold market. The broad uncertainty that springs from the vote should continue to generate strong haven demand.

Opinions expressed in commentary on the website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.


Follow USAGOLD economist Pete Grant on

b b b

Great prices. Quick delivery. All the time.
Contemporary gold and silver bullion coins
Bullion-related historic gold coins
U.S. $20 gold pieces

Order Desk
Extension #100
6am to 6pm USMT weekdays.

Prefer e-mail to get started?

"The possession of gold has ruined fewer men than the lack of it." – Thomas Bailey Aldrich


Ratings Matter!
Few can match our golden credentials

The BBB began its Gold Star Certificate program in 2003 and USAGOLD has been a recipient of the prestigious award every year it has been issued – fourteen straight years without a complaint. The firm has been a member of the Bureau since 1986 and rated A+ every year since 1991, the year it began its accreditation program.

See our full BBB report

American Numismatic Association since 1975
Industry Council for Tangible Assets since 1985
This website in continuous operation since 1997


Friday June 24
website support: / general mail:
Site Map - Risk Disclosure - Privacy Policy - Shipping Policy - Terms of Use
© 1997-2015 USAGOLD All Rights Reserved
Mailing Address - P.O. Box 460009, Denver, CO USA 80246-0009