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Catalan Declaration of Independence and Gold

sunshineprofits.com / ARKADIUSZ SIEROŃ / OCTOBER 11, 2017

Yesterday, Catalan leaders signed a declaration of independence. What does it mean for the gold market?

So it really happened. On Tuesday, the Catalan President, Carles Puigdemont, signed a document declaring Catalonia’s independence from Spain. He also delivered a speech in the regional parliament saying that the recent referendum gave his government the mandate to create a sovereign state: “I assume the mandate that Catalonia should become an independent state in the form of a republic.” (By the way, we learned from well-informed sources that the independence referendum lacked official electoral standards).

However, just seconds later, Puigdemont proposed to suspend the effects of a declaration of independence for a few weeks to allow a more dialogue with Madrid. He said: “We propose the suspension of the effects of the declaration of independence for a few weeks, to open a period of dialogue.”

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