As Great Britain gets closer to voting on a referendum to decide whether to leave or remain in the European Union, the headlines are getting worse for the EU establishment.
Over the weekend a poll from Opinium showed that the population in favor of a British exit, or “Brexit,” jumped to show to 19-point lead, with 52% choosing to leave against 33% choosing to keep the status quo.
The Opinium Poll was commissioned by the Brexit-backing Bruges Group think tank. Coming on the heels of two polls released Friday night that showed a 10-point lead for “leaving,” this provides further evidence that the Leave camp is gaining support.
This was surprising because an additional 1.5 million voters were said to have registered this week, which many expected to increase the support for remaining in the EU. But, comments by former cabinet minister Iain Duncan Smith added fuel to the fire. Smith warned that seven new prisons will need to be built in the United Kingdom by 2030 to cope with the rising number of migrant criminals, presumably due to ‘staying’ in the EU.
Despite the June 23 vote being less than two weeks way, 15% of the population said they still didn’t know.
The chief investment officer of One River Capital said with market anxiety rising, if Brexit happens, gold will soar, according to Zero Hedge.
Right now, he said, “Gambling websites say Brexit’s a 3-1 bet against. … But the polls are 50/50, margin-of-error kind of stuff, and they were pretty good in the Scottish referendum, the London mayoral vote too.”
The CIO added, “All I know is that if it happens, gold will be the strongest currency in the world.”
Categories: Asia Unhedged