Address

Precise Investors

Alternative Investments

Birmingham gold dealer earns ‘£10m in a day’ with Trump’s win

In the best day’s trading in eight years, a Birmingham gold dealer hit sales of almost £10m, thanks to Donald Trump’s election win.

Financial uncertainty around the world following the presidential result has seen demand for gold – seen as a safe haven investment – rocket.

Rob Halliday-Stein, from wholesaler BullionByPost in Birmingham, said: “It’s gone nuts, absolutely bonkers.”

Gold has been trading above £1,050 an ounce, above a six-month low of £821.

Mr Halliday-Stein, who set up his firm in the city in 2008, said: “Trump equals more uncertainty, and normally that means it’s a good time to get into gold.

“This is looking like it will be our best day of trading in eight years.

“We’ve done a good few million already, and it’s getting towards £10m.”

The result caused gold to initially jump 5% although it has now fallen back to more modest gains.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

one × 5 =