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A giant Birmingham bullion dealer is forecasting a gold rush if the country votes to .

Britain’s biggest online gold bullion and coin dealer, BullionByPost, is forecasting its biggest ever trading day if voters decide to leave the Eurpean Union.

Rob Halliday-Stein, who founded the Birmingham-based company in 2008, has predicted it would prompt a gold rush, generating sales of around £10 million in a single day for the company, as investors seek to protect their wealth.

Analysts have indicated that Britain’s decision to leave the EU is likely to cause sterling to drop, leading to a rise in the price of gold. Uncertainty in Europe has also typically led to a price surge. In 2011, the euro crisis drove the gold price to an all-time high of £1,133.70 an ounce.

The online gold dealer has already seen a marked rise in people selling off their gold on the back of the Brexit debate – the first two weeks of June saw trade up 54 per cent on the same period last month.

If Britain votes to leave, Mr Halliday-Stein estimates BullionByPost will generate £30 million in sales in July on the back of economic fears.

However, he also thinks a remain vote would generate £20 million that month, and will still give the business its busiest single trading day since the company was founded in 2008.

In all of last year the business turned over £125 million.