This Week’s Golden Nuggets – BOE Warns Of UK House Price Crashda

News, Market Updates, Charts and Videos You May Have Missed

Here is our Friday digest of the important news, market updates, charts and videos we were informed by this week.

We felt it important to do a video update which considers the risks that Brexit poses to the London property market. This is a very real risk that has not been assessed in the British and Irish media.

Our timing was good and the Bank of England must have been listening to us!  Yesterday, Bank of England governor Mark Carney confirmed that there are real risks to UK property investors and the UK economy, when he warned that a “no- deal Brexit” would likely result in economic chaos and a UK house price correction or crash of some 35%.

In a stark warning to the British government, Mark Carney told ministers that the impact of a no-deal Brexit could be as “catastrophic” as the 2008 financial crisis.

Needless to say this would result in a very serious recession indeed in the UK and would have consequences for the Irish economy, EU economies and other over-valued property markets – one of which is in Dublin, Ireland.

Enjoy and have a nice weekend!

Video This Week

Source: Australian Financial Review

Source: @CharlieBillelo

Source: SilverInstitute.org

~
Source: CoinNews.net

Source: Bloomberg

News and Commentary

Listen on  ,  & . Watch on YouTube below

Gold Prices (LBMA AM)

13 Sep: USD 1,206.65, GBP 924.41 & EUR 1,038.68 per ounce
12 Sep: USD 1,197.80, GBP 919.07 & EUR 1,033.10 per ounce
11 Sep: USD 1,194.00, GBP 915.92 & EUR 1,028.75 per ounce
10 Sep: USD 1,195.80, GBP 923.28 & EUR 1,032.45 per ounce
07 Sep: USD 1,200.75, GBP 928.30 & EUR 1,031.32 per ounce
06 Sep: USD 1,204.30, GBP 931.65 & EUR 1,035.82 per ounce

Silver Prices (LBMA)

13 Sep: USD 14.23, GBP 10.90 & EUR 12.24 per ounce
12 Sep: USD 14.16, GBP 10.90 & EUR 12.22 per ounce
11 Sep: USD 14.13, GBP 10.85 & EUR 12.19 per ounce
10 Sep: USD 14.22, GBP 10.99 & EUR 12.28 per ounce
07 Sep: USD 14.19, GBP 10.90 & EUR 12.20 per ounce
06 Sep: USD 14.27, GBP 11.03 & EUR 12.27 per ounce