Contrarian Investor: Could gold rally end in a rout?

Investors pile into asset class post-Brexit vote

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Contrarian Investor: Could gold rally end in a rout?

I always find it curious how investors react to political crises. As Brexit fever was in full throttle, thousands of perfectly sensible folk decided to dump their cash into gold coins. Why on earth would anyone think that Brexit would make any difference to gold prices?

I suspect I am missing the point. Brexit was almost perfectly timed to fan the flames of already growing alarm among investors about impending recession, diminishing returns for QE, and a more general...

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