Posted on Jun 25, 2016
Why the UK's exit could take 10 years — and what you should do about it
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Did you check your 401s or investment portfolio after the carnage on Wall St yesterday? Will it continue next week?
Why the UK's exit could take 10 years — and what you should do about it
Posted from msn.com
Politics
Financial Services
Money
Election 2016
Edited >1 y ago
Posted >1 y ago
Responses: 15
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Sgt Tom Cunnally
A lot of the average Brits are having second thoughts and think the Liberals sold them a bad deal..
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This was predictable, any time the market is uncertain for a variety of reasons, the big guys sell and it drops like a rock. Soros and Buffett have taken advantage of this many times in the past. When they feel it is at it's bottom, guess who will be buying into it? I never follow my investments on more than a quarterly basis and if my kids and grandkids saw the deviations they would all go out and get higher paying jobs. Markets go up and markets go down, sometimes as a result of greedy large investors playing the game. and yes, IMO, it will flat line for a month or two, then come back just as it did post 2008. I don't plan on doing anything, my investments are diversified to minimize losing too much.
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Gold spiked over 6% on the news of Brexit, and has since settled down to a 4.8% gain.
Gold had just entered a bull market after the Dec low, and the uncertainty in the markets will likely have people running to gold as a safe haven in the volatile economic times ahead.
Gold had just entered a bull market after the Dec low, and the uncertainty in the markets will likely have people running to gold as a safe haven in the volatile economic times ahead.
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MSgt John McGowan
Capt. i most certainly hope gold and silver keeps climbing the charts. I haven't looked at my 401 but stocks did OK. i think everyone could use a little wealth.
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Capt Seid Waddell
MSgt John McGowan, over the short term nothing has changed except a bit of panic in the markets due to a surprise; Bremain had been priced into the market with a run-up in the days prior to the vote and Brexit threw them for a loop - for the moment. This will return to normal in the short term after investors unwind their recent acquisitions and reconsider their options, IMHO.
Longer term, it depends upon whether the EU collapses from internal stresses or not, and how successful the Brits are in re-establishing their contacts with the rest of the world, and how the rest of the world reacts to the changes.
At best this could be simply a period of volatility as financial assets are re-priced, and at worst it could throw the world into another recession such as we saw on '08.
In the meantime, I think that gold and silver are safe-havens in a chaotic world. A new secular bull market in gold had already begun according to many, and this new volatility should only reinforce that move.
Longer term, it depends upon whether the EU collapses from internal stresses or not, and how successful the Brits are in re-establishing their contacts with the rest of the world, and how the rest of the world reacts to the changes.
At best this could be simply a period of volatility as financial assets are re-priced, and at worst it could throw the world into another recession such as we saw on '08.
In the meantime, I think that gold and silver are safe-havens in a chaotic world. A new secular bull market in gold had already begun according to many, and this new volatility should only reinforce that move.
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MSgt John McGowan
Capt Seid Waddell - Sir I am taking a gamble that in the long run metals will do good. The dollar is limping along and interest isn't anything on saving accounts. I have a little in saving but not what I use to have. One of my questions in the case of bankruptcy of the US what would happen to the dollar. A place I have no desire to see.
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Capt Seid Waddell
MSgt John McGowan, one of the reasons I moved into gold and silver was my fear of the dollar's long term future.
Many countries are upset with the way the U.S. has inflated its currency and they want a replacement for the dollar as the world's reserve currency. When that happens the dollar will plummet in value.
Right now the dollar is maintaining relative strength against the world's other even weaker currencies, but I do not believe this will last.
http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html
Many countries are upset with the way the U.S. has inflated its currency and they want a replacement for the dollar as the world's reserve currency. When that happens the dollar will plummet in value.
Right now the dollar is maintaining relative strength against the world's other even weaker currencies, but I do not believe this will last.
http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html
The dollar's 70-year dominance is coming to an end
Within a decade, greenback's could be replaced as the world's reserve currency
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