Oh my! Gold is up $58.90 in the past two hours
csdot
Posts: 707 ✭✭✭✭
csdot
Posts: 707 ✭✭✭✭
csdot
Posts: 707 ✭✭✭✭
Comments
Indian Head $10 Gold Date Set Album
GBP have taken a big drop.
It will be interesting to see how it plays out.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
At least there won't be a civil war (hopefully.....).
I own little stock but a lot of gold. Friday gold action will be interesting.
I own a good amount of each, so I get to experience the good and the bad tomorrow. ??
Indian Head $10 Gold Date Set Album
Gold already pushed back down $30 on the counter-reaction. BBC now calling the winner as "leave."
It seems over blown either way - it will take at least 2 years to play out, maybe longer. Are we supposed to panic every day for the next 2 years?
At least there won't be a civil war (hopefully.....).
Overblown in so far as GBP/EUR for sure as the Euro will begin to fall apart as Sweden and others now move to also exit the Euro zone. Scotland will vote in which will break up the UK, Ireland will be the hardest hit as many multinationals can no longer hold headquarters in Ireland with 40% of their business (and a greater percent of their taxes) outside the UK. The banking center in London will be hard hit as again it is difficult to imagine the banking center of the Euro zone in a non-member state.
Loads of uncertainty and a real economic growth destroying event.
Latin American Collection
Why did this happen? Some people are waking up to the fact the turning public policy over to unelected bureaucrats is not in your interest. When you believe that international boundaries mean nothing, and that cultural boundaries are unimportant, you are delusional. Open borders do not result in peace and tranquility.
``https://ebay.us/m/KxolR5
HOW AGES VOTED (YouGov poll)
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
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My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
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``https://ebay.us/m/KxolR5
Coin Club Benefit auctions ..... View the Lots
The old-fogeys are to blame, on the backs of the younger generation who will have to dig out of this mess in the next decade+...
HOW AGES VOTED (YouGov poll)
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
Would be interesting to overlay this on top of the percentage of the age group that actually voted.
8 Reales Madness Collection
bob
The old-fogeys are to blame, on the backs of the younger generation who will have to dig out of this mess in the next decade+...
HOW AGES VOTED (YouGov poll)
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
the old folks have been there and done that and have spoken that Socialism does not work for England. The younger generation will thank them when they see the results down the road.
bob
Definitely overblown for the US market. Do we really believe that our economic prosperity was contingent upon whether Great Britain stayed in the EU or not ? If it was, then our economy was on shaky ground no matter what. Personally I don't think it will have much long term effect on the US
The EU is already in a recession. This vote is likely the first nail in the EU's coffin and potentially depressionary for several Eurozone nations.
The immediate effect here in the U.S. might not be that great being as we have already entered an earnings recession of our own. But yes, we'll survive and probably will have to resort to eating ground beef instead of steak.
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
this can be looked at in a few different ways. here's what I see:
--- the younger voters(18-24) have very little life experience and overall tend to be liberal and more open to change, hence the 75%. they realize that the World is changing and becoming more homogenous.
--- middle aged people(25-64) can see both ends, where they came from and where they're going. ironically, they voted 50/50.
--- older people(65+) are more resistant to change but DO have a base of experience that grounds their decisions. I would expect that they were against the move to the Union in the first place.
The stock markets will over react this, as usual. Things will shake out and prices will recover. In the mean time the smart money will be looking for stock bargains.
Maybe, maybe not. Some people have been saying the stock market has been rising too much without the earnings to support the gains and that a correction has been overdue. This could be the catalyst that causes a correction in our stock market.
Definitely overblown for the US market. Do we really believe that our economic prosperity was contingent upon whether Great Britain stayed in the EU or not ? If it was, then our economy was on shaky ground no matter what. Personally I don't think it will have much long term effect on the US
Not overblown. With a much weaker Pound and Euro, the U.S. Dollar is now a lot stronger. A stronger U.S. Dollar means U.S. exports and now a lot more expensive for foreign markets and that foreign imports are a lot cheaper. This could hurt an already wounded U.S. manufacturing business even more. Plus, most companies have interests outside the U.S. and this means that foreign earnings will look a lot smaller when converted to U.S. Dollars and reported in their quarterly earnings. This will hurt stock prices which will hurt people's 401k and IRAs. It will hurt companies' ability to raise capital which will hurt the expansion and new jobs.
No, the U.S. market doesn't operate independent from the rest of the world. We can't say this is irrelevant for us. It will very much impact us. Remember the busting of the U.S. housing bubble in 2008/2009 was a U.S. issue that fueled a global recession. We're all connected economically.
The stocks my daughter has are all up, not one exception. She only invests in US companies with no overseas exposure.....smart girl.
bob
My Verizon was up when I looked earlier this morning, but everything else I own is down. Even CLCT is down a couple of percentage points.
HOW AGES VOTED (YouGov poll)
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
this can be looked at in a few different ways. here's what I see:
--- the younger voters(18-24) have very little life experience and overall tend to be liberal and more open to change, hence the 75%. they realize that the World is changing and becoming more homogenous.
--- middle aged people(25-64) can see both ends, where they came from and where they're going. ironically, they voted 50/50.
--- older people(65+) are more resistant to change but DO have a base of experience that grounds their decisions. I would expect that they were against the move to the Union in the first place.
If you are not a liberal in your 20's, you have no heart.
If you are not a conservative in your 50's, you have no brain.
The stocks my daughter has are all up, not one exception. She only invests in US companies with no overseas exposure.....smart girl.
bob
My Verizon was up when I looked earlier this morning, but everything else I own is down. Even CLCT is down a couple of percentage points.
My most recent submission of gold yielded one counterfeit. Not that the price of gold affects the authenticity or grade... Or purity , for that matter.
1871 25C BG 813 (California Fractional) MS 64
1873 G $1 Open 3 AU 58
1873 $2.50 Open 3 Counterfeit
1892 $2.50 Genuine - AU Details (Cleaned)
1892-S $20 XF45
2009 $20 Ultra High Relief Double Eagle MS69
``https://ebay.us/m/KxolR5
The stocks my daughter has are all up, not one exception. She only invests in US companies with no overseas exposure.....smart girl.
bob
She is smart, great to have smart kids, they come in handy
Although it may make sense to look at some Euro stocks, especially UK stocks with the pound devaluation, that have decent yields and low valuations in the coming months.
The stocks my daughter has are all up, not one exception. She only invests in US companies with no overseas exposure.....smart girl.
bob
Nice to be holding a defensive portfolio at times like these.
The 18 to 24 probably voted on Twitter or Facebook and thought it counted.
I think so, too but
I'm glad I don't have stock......not 1 dime! It's crazy how every little thing can affect the market. Glad I don't play.
Some people can't stomach the market and I advise those to stay out or only own sleeping weight positions. Other then that stocks are the greatest wealth building vehicle we have ever known.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Massive selloff in non us markets presented a nice buying opportunity today. Sure there might be some additional downside to the recent events, but not a bad time to take a small position in a Europe or Developed Markets ex US fund. These guys were clobbered 7-11% today and trading at near 5 year lows.
Or if the selloff continues for the next several weeks or months, not really a great buying opportunity today. Too much uncertainty right now for me to throw more money in the markets.
With interest rates at... what they are which is next to nothing. Sign me up for GE, Pfizer, Cisco, Procter & Gamble among others... including KO
JustaCommeman- spot on.
Experience the World through Numismatics...it's more than you can imagine.
Experience the World through Numismatics...it's more than you can imagine.
Well...
With interest rates at... what they are which is next to nothing. Sign me up for GE, Pfizer, Cisco, Procter & Gamble among others... including KO
JustaCommeman- spot on.
I bought a little more GE, CSCO, PANW, and NXPI. Still sitting on about 18% cash for the upcoming weeks.
The old-fogeys are to blame, on the backs of the younger generation who will have to dig out of this mess in the next decade+...
HOW AGES VOTED (YouGov poll)
18-24: 75% Remain
25-49: 56% Remain
50-64: 44% Remain
65+: 39% Remain
And perhaps some of you young fellows will learn that some college professors in the their ivory towers know less than they think. I was young and thought I was liberal at one point, and then I learned the truth from the school of reality. And yes, I have a master's degree.
Well...
With interest rates at... what they are which is next to nothing. Sign me up for GE, Pfizer, Cisco, Procter & Gamble among others... including KO
JustaCommeman- spot on.
Don't forget Verizon and AT&T. Huge dividends with them and both very stable with mostly U.S. business.
Well...
With interest rates at... what they are which is next to nothing. Sign me up for GE, Pfizer, Cisco, Procter & Gamble among others... including KO
JustaCommeman- spot on.
I bought a little more GE, CSCO, PANW, and NXPI. Still sitting on about 18% cash for the upcoming weeks.
PANW and NXPI aren't paying dividends and aren't operating at a profit. If things get back into a recession, you want some securities with some profits and depth to survive.
Well...
With interest rates at... what they are which is next to nothing. Sign me up for GE, Pfizer, Cisco, Procter & Gamble among others... including KO
JustaCommeman- spot on.
I bought a little more GE, CSCO, PANW, and NXPI. Still sitting on about 18% cash for the upcoming weeks.
PANW and NXPI aren't paying dividends and aren't operating at a profit. If things get back into a recession, you want some securities with some profits and depth to survive.
Diversification is key. A lot of people have left a lot of money on the table assuming a recession is right around the corner the past couple years. I have no concerns with the long term outlook of both companies and my cost basis is far below where they trade at today. I think I'll be alright.