Gold investors are vindicated.
The United Kingdom shocked the world last night and voted to leave the European Union and both stock markets and currencies are in freefall.
Regardless of the politics behind today’s exaggerated move, the real takeaway is the confirmation of gold as a currency and gold as a safe haven.
The yellow metal has significantly outperformed the major currencies and this will be the norm as the world teeters on economic collapse. You can imagine the currency printing machines are in overdrive as Central Banks do everything to stabilize their economies moving forward.
Gold has always been a currency, but it is now the world’s currency of choice. The people have spoken.
For more charts, check out http://j.mp/1WmPx0L
First published here: http://j.mp/28WhLhU