Britain leaves the EU

Discussion in 'Financial Cents' started by AD1, Jun 24, 2016.


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  1. AD1

    AD1 Monkey+++

    Global markets buckled as Britain’s vote on European Union membership infected every asset class.

    The pound plunged by a record and the euro slid by the most since it was introduced in 1999 as the BBC projected a victory for the "Leave" campaign with most votes counted in Britain’s referendum on membership of the European Union. South Africa’s rand led slides among the currencies of commodity-exporting nations as oil sank to about $47 a barrel and industrial metals slumped. The yen surged and gold soared with U.S. Treasuries as investors piled into haven assets. Futures on the FTSE 100 Index plunged with S&P 500 Index contracts as Asian stocks dropped by the most in 10 months.
    Brexit Infects Global Markets as Unprecedented Moves Accumulate

    EU Referendum Results - BBC News
     
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  2. AD1

    AD1 Monkey+++

    Markets will react badly, but for how long.........

    Gold & Sliver up........but for how long.......
     
    Last edited: Jun 24, 2016
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  3. oil pan 4

    oil pan 4 Monkey+

    But I don't want to sell gold or silver I want to buy more...
     
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  4. Yard Dart

    Yard Dart Vigilant Monkey..... Moderator Site Supporter++

    [winkthumb] [applaud]
     
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  5. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    Britain was always a non-participating member of the EU.

    The charade continues...
     
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  6. Yard Dart

    Yard Dart Vigilant Monkey..... Moderator Site Supporter++

    Technically Britain was part of the EU, but yes they had their caveats....
     
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  7. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    Legally and financially, in fact, Britain has always been a non-participating member of the EU.
    Hence, this event is nothing more than a spectacle which amounts to lighting the fuse of the powder keg.
     
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  8. Yard Dart

    Yard Dart Vigilant Monkey..... Moderator Site Supporter++

    I Love fireworks.....bring em on. :D
     
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  9. Minuteman

    Minuteman Chaplain Moderator Founding Member

    I think now is a good time to buy into the pound. I think it will come back strong after the shock wears off. GB has more of an economic base than many of the EU countries. It was them and Germany supporting the socialist countries like Greece and Spain. Now they can keep their money in their own country instead of sending it to the EU to redistribute.
     
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  10. oil pan 4

    oil pan 4 Monkey+

    I already tried to buy pounds.
    Unless you have a british bank account and you try to buy pounds you will be paying about $1.70 per pound with exchange fees, then when its up and you resell, unless you are in England or have a bank account you will likely take a loss.
    If some one has a better way do tell. I would drop some USD for some quid.
     
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  11. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    [​IMG]

    And you thought Common Core Math was bad...
     
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  12. Seepalaces

    Seepalaces Monkey+ Site Supporter+

    Another polling fail...just saying...
     
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  13. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.



    5:00-5:30...hmm....maybe @Brokor s love for her Majesty isn't ill placed.
    (spoken as a commonwealth-er)
     
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  14. oil pan 4

    oil pan 4 Monkey+

    This $#!+ is getting real.
    Assassination, resignation whats next?
     
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  15. Altoidfishfins

    Altoidfishfins Monkey++

    Every once in awhile, good sense prevails in the world. Are the Brits finally wising up to the fact that the EU is just one big continent-wide socialist state?
    Are they finally realizing that socialism will collapse and they'd rather have the EU do so without them?
     
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  16. Ganado

    Ganado Monkey+++

    :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes: see @Brokor 's posts above, Britian hasn't really been in the EU since the begining.

    This is a signal for something else in money markets. Just watch gold and silver over the next week. it will get crazy
     
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  17. marlas1too

    marlas1too Monkey++

    good for them now if only they send the blood sucking migrants back to their own country
     
  18. duane

    duane Monkey++

    Win, lose, or draw, the people in charge will appoint a group to study the problem and continue the old game until the results come back in a couple years, and then appoint a group to draft the necessary laws, that will take a couple more years, then when the laws are drafted, the government will have to discuss them for a couple more years, then when they pass they will be taken to court and that will take a couple more years, then they will hold another election as conditions are now "worse" and public opinion has shifted as proven by a survey of 6 year olds taken at the local school. The faceless unelected hoard that run the country and the world will not give up their power.
     
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  19. Motomom34

    Motomom34 Moderator Moderator Site Supporter++

    I think it is great. Merkel is having a very bad day as other countries discuss following Britain. It will take a few years but Britain will be free from the EU. EU never should have gone after a tea drinking nations kettles probably tipped the vote. [sarc1]
    Now EU fat cats ‘crack down on KETTLES & TOASTERS in Britain amid avalanche of regulation'
     
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  20. oldawg

    oldawg Monkey+++

    [applaud][applaud] Good on them Limeys!!
     
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