Head of Commodities
There could be a great rebalancing from passive ETFs and other traditional investments back towards gold, which would boost demand for gold and gold-related equities for years to come.
Gold is on a path back from being a forgotten asset to a core allocation in a deeply uncertain world. Brexit exacerbates trends already firmly in place.
Cuts in oil production and rising demand for cheap crude will shock energy markets by mid 2015, prompting a brisk turn in sentiment towards battered energy markets.