Brexit

[IGotWorms 4,060]

Early returns say they're leaving but it's very close.

 

Guess I should've gotten out of the market.

[WhiteWonder 2,824]

Early returns say they're leaving but it's very close.

 

Guess I should've gotten out of the market.

 

why?

 

if brit leaves the euro union, why would it have a strong impact on our markets? wouldnt the same products and services from the brits that do make up a % of our markets still make up that same %? its not like we would stop importing tea (just a random funny example) because they left the union....

 

the only real impact would be a decline in the pound and the euro and fluctuating exchange rates...

[IGotWorms 4,060]

 

why?

 

if brit leaves the euro union, why would it have a strong impact on our markets? wouldnt the same products and services from the brits that do make up a % of our markets still make up that same %? its not like we would stop importing tea (just a random funny example) because they left the union....

 

the only real impact would be a decline in the pound and the euro and fluctuating exchange rates...

Oh no real impact but people will freak out and there you go

[mmmmm...beer 812]

Wow! Dow futures down over 500 and S&P over 70 as of 10:50pm. If this vote holds up and stocks continue to tumble it will be difficult for anybody in the G fund to not dive in head first.

[mmmmm...beer 812]

BREAKING: Futures imply Dow open down 650 points as Brexit result frightens investors

[wiffleball 4,793]

Wow lots o ognorant here already,

 

Renewed tarrifs, fees upon raw materials going to or leaving UK is bad newsacross the board.

[wiffleball 4,793]

If you think this is a shiitshow, now imagine Trump eliminating NAFTA.

 

 

...Not tht he can.

 

On the bright side, London can eat a bag of diicks.

[SUXBNME 1,565]

 

On the bright side, London can eat a bag of diicks.

omfg...we agree on summfin

[WhiteWonder 2,824]

too bad nothing happens until 2018. so any drops will be initial sily fear and then investors will see the buying opportunities and money will pour back into the markets.

[SUXBNME 1,565]

too bad nothing happens until 2018. so any drops will be initial sily fear and then investors will see the buying opportunities and money will pour back into the markets.

Sorry, but you can't comment here on anything until you recognize teh Sux and Gypsybrat greatness at FF

[WhiteWonder 2,824]

Sorry, but you can't comment here on anything until you recognize teh Sux and Gypsybrat greatness at FF

 

you play FF?

[SUXBNME 1,565]

 

you play FF?

[Big Guy 1,416]

Jolly Good!

[tanatastic 2,062]

So the pound took a nosedive I saw. I have no idea what this European league of extraordinary gentleman is really or why it matters.

[titans&bucs&bearsohmy! 2,745]

So the pound took a nosedive I saw. I have no idea what this European league of extraordinary gentleman is really or why it matters.

The major factor, I would think, is that the EU created a tariff free zone and free movement of people. Any EU citizen could move wherever and work.

 

Now Europe is free to tariff British products I assume.

[IGotWorms 4,060]

The major factor, I would think, is that the EU created a tariff free zone and free movement of people. Any EU citizen could move wherever and work.

 

Now Europe is free to tariff British products I assume.

I dunno, don't things like the World Trade Organization still prohibit tariffs for the most part?

[WhiteWonder 2,824]

Brexit yes should see the pound get pounded and the euro lose value relative to the dollar.

 

Brevit no would have been he preferred outcome but and drastic dip in our markets due to a Brevit yes will be short lived I think (early trading had the dow off less than 500 versus the sky is falling 650). I think it's mostly due to uncertainty and the impact of brits decisions is really minimal and they can't actually leave he union until 2018.

 

Short term, a bullish dollar etf might be a good investment.

[mighty_thor 115]

Northern Ireland and Scotland both voted to stay in the EU. Scotland may call for another vote on leaving the United Kingdom. Northern Ireland may consider splitting with the U.K. and joining the Republic of Ireland.

[hoytdwow 202]

Northern Ireland may consider splitting with the U.K. and joining the Republic of Ireland.

They probably need to stop killing each other first

[Hardcore troubadour 15,583]

They probably need to stop killing each other first

Ignorant

[TimmySmith 2,783]

The major factor, I would think, is that the EU created a tariff free zone and free movement of people. Any EU citizen could move wherever and work.

 

Now Europe is free to tariff British products I assume.

Why would they? England could do the same, and England is a huge consumer. Better for both to let that one lie. Same with free movement. The EU needs England for trade so it's in everyone's best interest to come to an agreement.

[iam90sbaby 2,659]

Awesome, gold/silver/platinum/palladium and bitcoin all went up last night.

 

Taking about 60% of my savings right now and buying silver before it goes over $20 an ounce.

 

Everyone else should do the same, no telling what it will be at in a week, definitely not going down though.

 

If you guys would have checked out the post I made a week or two ago, you would have seen this coming and made some $$$ with me.

 

 

 

Seriously don't be an idiot and miss this opportunity, BUY SILVER/GOLD AND BITCOIN RIGHT NOW.

 

If you need help on how to purchase Bitcoin, just get the app Coinbase and buy some, it takes about 10 minutes.

[WhiteWonder 2,824]

Bought silver a while ago

[Baker Boy 1,704]

Awesome, gold/silver/platinum/palladium and bitcoin all went up last night.

 

Taking about 60% of my savings right now and buying silver before it goes over $20 an ounce.

 

Everyone else should do the same, no telling what it will be at in a week, definitely not going down though.

 

If you guys would have checked out the post I made a week or two ago, you would have seen this coming and made some $$$ with me.

 

 

 

Seriously don't be an idiot and miss this opportunity, BUY SILVER/GOLD AND BITCOIN RIGHT NOW.

 

If you need help on how to purchase Bitcoin, just get the app Coinbase and buy some, it takes about 10 minutes.

Where do you buy your silver and what is their margin?

[WhiteWonder 2,824]

SLV. I shares silver trust

[iam90sbaby 2,659]

Where do you buy your silver and what is their margin?

 

I buy my precious metals locally, NEVER EVER buy online, and don't pay more than a .75 cent premium per ounce.

 

Seriously consider buying Bitcoin as well, its the peoples currency.

[iam90sbaby 2,659]

SLV. I shares silver trust

 

Terrible idea, no one listen to him. LMFAO.

 

Spend the same amount but don't actually get your physical silver, grrrrrrrrrrrrrrreat idea.

 

Here I'll sell you some shares of silver right now, just send me some money, I promise I'll keep it in a reserve for you.

 

 

I'm not trying to rag on you, sell your shares right now, and go buy physical silver.

[Voltaire 5,363]

They probably need to stop killing each other first

Are they still doing that? It's not been in the news lately, at least not that I've seen. Hell, I haven't heard about this in many, many years and so I thought it was all cool now. Usually stuff is out of sight/out of mind because nothing is happening.

[WhiteWonder 2,824]

 

Terrible idea, no one listen to him. LMFAO.

 

Spend the same amount but don't actually get your physical silver, grrrrrrrrrrrrrrreat idea.

 

Here I'll sell you some shares of silver right now, just send me some money, I promise I'll keep it in a reserve for you.

 

 

I'm not trying to rag on you, sell your shares right now, and go buy physical silver.

I own physical silver as well, slappy

 

If you have a stock portfolio they won't be giving you silver bars

 

It's also evident you don't know how SLV works

[tanatastic 2,062]

Lol at the silver talk. Like some piece of scrap metal will be so great. So If I go back to my silver dealer he will just fork over more cash than he sold the silver to me for in the first place just beacuase some tv ticker says it went up? Not how business works brah, he will tell you to pisz off and take your doorstoppers elsewhere, he has a business to run. Who buys high?

 

"b-b-but its worth more now, see?"

 

"b--b-b-but get the fock out of my store Ahole!".

 

Shares I can see dealing.

[iam90sbaby 2,659]

Lol at the silver talk. Like some piece of scrap metal will be so great. So If I go back to my silver dealer he will just fork over more cash than he sold the silver to me for in the first place just beacuase some tv ticker says it went up? Not how business works brah, he will tell you to pisz off and take your doorstoppers elsewhere, he has a business to run.

 

"b-b-but its worth more now, see?"

 

"b--b-b-but get the fock out of my store Ahole!".

 

Shares I can see dealing.

 

 

I don't think you understand the importance of silver. Its used in cellphones, solar panels, tvs, etc.... what can you do with paper currency? Burn it to stay warm if it gets cold?

 

 

And that is exactly how businesses work, lol?

[tanatastic 2,062]

 

 

I don't think you understand the importance of silver. Its used in cellphones, solar panels, tvs, etc.... what can you do with paper money? Burn it to stay warm if it gets cold?

Yes I know its importance. Who physically hands you money in exchange for your silver when you decide to sell it because its worth more than you paid for it? Who buys high?

[Bert 1,128]

Awesome, gold/silver/platinum/palladium and bitcoin all went up last night.

 

Taking about 60% of my savings right now and buying silver before it goes over $20 an ounce.

 

Everyone else should do the same, no telling what it will be at in a week, definitely not going down though.

 

If you guys would have checked out the post I made a week or two ago, you would have seen this coming and made some $$$ with me.

 

 

 

Seriously don't be an idiot and miss this opportunity, BUY SILVER/GOLD AND BITCOIN RIGHT NOW.

 

If you need help on how to purchase Bitcoin, just get the app Coinbase and buy some, it takes about 10 minutes.

As Patweiser will tell you, you have made nothing until you sell.

[WhiteWonder 2,824]

Lol at the silver talk. Like some piece of scrap metal will be so great. So If I go back to my silver dealer he will just fork over more cash than he sold the silver to me for in the first place just beacuase some tv ticker says it went up? Not how business works brah, he will tell you to pisz off and take your doorstoppers elsewhere, he has a business to run.

 

"b-b-but its worth more now, see?"

 

"b--b-b-but get the fock out of my store Ahole!".

Actually, yes.

 

businesses that buy and sell silver generally are not in the business of speculation. They go roughly by the current value of whatever precious metal you're selling or buying. Silver has commercial use so your door stopper theory is way off.

 

So someone selling silver today is not going to be able to ask for 25 an ounce because they believe that's what the price will be. And dealers can't really sell for that either.

 

Now a dealer may actively try to buy up as much silver while prices are low because hes speculating it will go up but he can't build that target price into his actual negotiations

[iam90sbaby 2,659]

As Patweiser will tell you, you have made nothing until you sell.

 

I have, silver is worth something, that paper isn't, I would never sell my silver for "paper" silver goes way up, I trade it palladium when its down, palladium goes back up, I move that to more silver or gold etc... ride the wave man, that paper isn't worth sh*t.

 

USD = currency

Precious Metals = Money

 

Big difference.

[iam90sbaby 2,659]

Yes I know its importance. Who physically hands you money in exchange for your silver when you decide to sell it because its worth more than you paid for it? Who buys high?

 

Its ALREADY WORTH something! You don't need to sell it for paper. And if the precious metals dealer won't buy it, there are a million electronic companies that will.

[tanatastic 2,062]

 

I have, silver is worth something, that paper isn't, I would never sell my silver for "paper" silver goes way up, I trade it palladium when its down, palladium goes back up, I move that to more silver or gold etc... ride the wave man, that paper isn't worth sh*t.

I cant pay my rent by handing cool looking embossed bars of silver to my landlord tho. I want to know who I physically walk over to and hand the metal to in exchange for more than I purchased it for. Why would mr metalk salesman take a bath on the silver he sold to me cheaper last month? People only buy things they can resell for even more. Why would he gamble on that?

 

I donno, this is something I am very ignorant about. I wish I knew how to have my money make money, but I dont. I just know shuffling my money between commercially sold hunks of metal and never cashing it in does not give me bank account numbers that let me pay my rent. It just gets me more or less hunks of metal.

[mmmmm...beer 812]

I put 200k from retire.entry into our "F" Fund last week. It's essentially AGG (bonds). When everything else plummeted today... I'mean up $.60+ a share or a bit over a half percent...

 

I know all of us watching enough who pulled out of the market last week are really wondering how deep this will tumble into next week so we can dive headfirst back in on the rally... but as I'm in Europe starting next Wednesday for 2 weeks I'mean not going to focking with it and may just keep it all in bonds.

 

Ordering Euros for my trip today... going to wait to exchange until next week before we go. Want to see how well the dollar is going to even out with the euro...

[WhiteWonder 2,824]

 

I have, silver is worth something, that paper isn't, I would never sell my silver for "paper" silver goes way up, I trade it palladium when its down, palladium goes back up, I move that to more silver or gold etc... ride the wave man, that paper isn't worth sh*t.

As risky as any stock. How about all those people who bought their silver, physical or otherwise years back when it was way up in the 50s per ounce?

 

The one flaw with your money is paper argument is that the value of precious metals go up and down just like anything else including the dollar. Unfortunately yu can't go purchase a new car or something with silver bars. So until you cash out your silver youve really only made theoretical profits or "paper profits"

[iam90sbaby 2,659]

I cant pay my rent by handing cool looking embossed bars of silver to my landlord tho. I want to know who I physically walk over to and hand the metal to in exchange for more than I purchased it for.

 

But you can sell whatever you need before your rent is due, and make that a monthly habit.