A few days back, legendary investor Jim Mellon said, “Sterling might actually become a safe haven in a world of turmoil”. Well the UK has its own version of the political turmoil now. Could Sterling still become a safe haven asset?
Paul Rodriguez, Director of ThinkTrading.com & Tim Price, Director of Price Value Portfolio, believe the potential for Sterling to become a safe haven is still intact. It is evident from the resilience in Sterling despite the political chaos. Watch the full segment as Rodriguez and Price discuss-
Record low interest rates
Correlation between monetary inflation and price of gold
The “Everything Bubble”
The meteoric rise in Apple share price