At Data Killers, we are always on the lookout for breaking news. How do the recent political and financial changes in Europe impact data destruction industry professionals in the United States? You might be surprised.
How the Brexit Vote Impacts the Data Destruction Industry
In the data destruction industry we are regularly reminded of how we do not live in a vacuum. The decisions we routinely make have a direct and indirect impact on the world around us. We thought the following article about the Brexit vote and precious metals found in electronics (like hard drives) was worth reposting.
“When stock prices decline, investors hunt for better investment opportunities. This flight to safety typically generates increases in precious-metals prices as investors sell equities to invest in gold, silver, palladium and other metals.
This rush to metals investment happened once again in the past few weeks as global stock markets reacted to the news that Britain will withdraw from the European Union.”
The article goes on to say, “The precious-metals investment interest as a result of the Brexit vote pushed prices up dramatically. Silver’s value this week reached a two-year high at more than $21 per troy ounce and gold also notched a two-year high at nearly $1,370 per ounce. The value of palladium is up 12 percent since the Brexit vote and is now sitting at over $610 per ounce.”