Brexit, but Buy Gold – Daily Reckoning

Brexit, but Buy Gold
Daily Reckoning
The U.K. has 310 tonnes of gold, giving it a miniscule 0.5% gold-to-GDP ratio. This compares with gold-to-GDP ratios of 4.8% for Russia, 2.8% for the Eurozone, 2% for the U.S., and 1.6% for China. (The Chinese ratio uses reliable estimates of 4,000 …