Gold investors cash in as rates tumble

In the last two months alone, the Bank of England has slashed the returns paid to savers quicker than at any time since 1858. Those investors holding gold, on the other hand, are laughing, says Adrian Ash.

With the Bank of England hitting the panic button, slashing the returns paid to UK savers down to three-century lows at the start of December, the clear winners from its campaign to refloat the bubble so far have been gold investors stuck with pounds to earn and pounds to spend.

Since the Old Lady began cutting interest rates 12 months ago, the number of UK investors choosing to own gold (through our service here at BullionVault, for instance) has risen by more than 130%.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.