Brexit results

[Walla183]

Sit back and enjoy the ride. Silver approaching $18. Here comes safe haven money

 

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[enamel7]

Gold currently up $88.

 

[Tuberale]

Looks like Brexit won, and silver and gold won too.

 

[LooseChange]

Like all artificial swings, it is temporary.
If you are timing the market on PM spot prices, there is some opportunity to make moves.
If you are holding physical PM to preserve wealth, this anomaly does nothing for you.

 

[enamel7]

This one may not be so temporary. This is a big deal as for the value of their money. The price for our goods for sale in GB just went up. The EU has also lost a stabilizing factor. The whole thing could start falling like dominos. I believe GB being so strong just got tired of the cheap labor of other weaker countries coming across the border. The Muslim population has also grown drastically and they want, like us to be able to control their borders for security reasons. They saw what happened across the water in France and want to protect themselves.

 

[Treasure_Hunter]

Please keep political statements out of thread per TNet rules..

 

[Doubter in MD]

Please keep political statements out of thread per TNet rules..

This is completely political so I doubt you can keep politics out of the Brexit vote. But I believe that if it is discussed objectively as it pertains to the effects it will have we might be able to keep this thread alive.

 

[FormerTeller]

Like all artificial swings, it is temporary.

Not sure what you mean by "artificial swings." I'd call changing the rules on stock margin trading artificial. Geopolitical events, not so much.

 

[FormerTeller]

This is completely political so I doubt you can keep politics out of the Brexit vote. But I believe that if it is discussed objectively as it pertains to the effects it will have we might be able to keep this thread alive.

There's a difference between political discussions (involving CRH) and political statements. Discussing Brexit and its effect on CRH/silver prices is a discussion. Bringing religion into it crosses the line for many people.

 

[enamel7]

I didn't bring religion into it. This isn't opinion, it's fact. There are some areas in GB now that the courts actually recognize sharia law. Situations in the world today just don't allow you to view things through rose colored glasses. Again, I'm not stating opinion. I just responded why they wanted out of the EU and that this isn't a temporary increase in value. Sorry if it offended anyone.

 

[FormerTeller]

You didn't offend me, and I agree with your original statement. I just noted that once religion was brought up it strayed off the topic of silver, which is what I suspect set TH off.

 

[Treasure_Hunter]

Discussing Brexit as it relates to precious metals ect is allowed, making political statements like was removed is not.

 

[Walla183]

I think there will be two competing forces affecting the price of PM's.

On one hand, the risk off trade where money flows into safe haven assets like fixed income and PM's. This will be more of a "fear" component.

On other hand, Brexit will have trickle down effects. For example, there are currently 800k polish workers in the UK that will now need visas. These workers repatriate their earnings back to families in Poland. Remove that flow of money and you have weakening Zloty, Euro, Czech Koruna. So what strengthens? The dollar and yen. And this will have potential downward pressure on silver.

 

[galenrog]

This thread has nothing to do with Coin Roll Hunting. Could a Moderator please move to a more appropriate section of the forum?

 

[enamel7]

This thread has nothing to do with Coin Roll Hunting. Could a Moderator please move to a more appropriate section of the forum?

Did the price of silver go up yesterday? Absolutely it has to do with crh. It's the reason the price went up.

 

[GlenDronach]

This thread has nothing to do with Coin Roll Hunting. Could a Moderator please move to a more appropriate section of the forum?

Saxplayer, is that you?

 

[HobbyHuntress]

So all that silver my husband collected as a kid finally has some worth? Sweet! I've been avoiding the news like the plague lately. Seriously out of touch with the world and I'm finally not so stressed out 24/7. Rather freeing really...

Now what to do with all of these baseball cards... MLB crumbled yet? lol

Edit to add:

I was a political junkie - too much going on in the world and reached my breaking point. I sleep a little better now.

 

[LooseChange]

Not sure what you mean by "artificial swings." I'd call changing the rules on stock margin trading artificial. Geopolitical events, not so much.

It is artificial because although demand for PM has temporarily increased, actual consumption has not. When things simmer down, the spot prices will return to sliding towards stable.

 

[Treasure_Hunter]

Don't look for it any time soon, I think more will bail...

 

[enamel7]

Don't look for it any time soon, I think more will bail...

My thoughts exactly!