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Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12090867)
So you would be advising anyone who has a large amount of cash or assets in the UK to liquidate and send?
Of course the risk is that the gov't will wake up one day with a logical mindset and push for a second referendum instead of triggering article 50. Or alleviate investment fears by fully proceeding with brexit but only by changing Britain's status to an EEA member instead. But back to your original question, if you think article 50 will be called upon in the first quarter of next year, and that we will be heading for hard brexit, then personally I would absolutely dump all GBP and go for USD or another safer currency instead. You've seen what a non-binding referendum can do, and how the markets react every time the gov't utters something silly. Now imagine them announcing hard brexit... |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Amazulu
(Post 12089267)
Details
The bulk of RR's manufacturing is still in the UK |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by astera
(Post 12091805)
I would certainly tell any family members who believe that hard brexit is going to happen to absolutely move all cash assets in GBP to a safe(r) currency.
Of course the risk is that the gov't will wake up one day with a logical mindset and push for a second referendum instead of triggering article 50. Or alleviate investment fears by fully proceeding with brexit but only by changing Britain's status to an EEA member instead. But back to your original question, if you think article 50 will be called upon in the first quarter of next year, and that we will be heading for hard brexit, then personally I would absolutely dump all GBP and go for USD or another safer currency instead. You've seen what a non-binding referendum can do, and how the markets react every time the gov't utters something silly. Now imagine them announcing hard brexit... |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by astera
(Post 12091805)
personally I would absolutely dump all GBP and go for USD or another safer currency instead.
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Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12092248)
It might have to be another safe currency. Donald Trump is likely to become president and global sentiment towards DT is not great.
A month ago, I didn't think this was very likely, but today... S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Swerv-o
(Post 12092309)
A month ago, I didn't think this was very likely, but today...
S I reckon there's going to be a tonne of men, especially white men, who will tell their wives one thing and vote another. |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12092312)
They said that about Brexit too.
I reckon there's going to be a tonne of men, especially white men, who will tell their wives one thing and vote another. With Trump in the Whitehouse, I would say that brexit will be the least of our concerns ;) S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Swerv-o
(Post 12092334)
With Trump in the Whitehouse, I would say that brexit will be the least of our concerns ;)
S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12092414)
... and Astera might be turning it all back into AUD. :)
It will take a while for the nuclear winter to get here :D S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Swerv-o
(Post 12092460)
It will take a while for the nuclear winter to get here :D
S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Amazulu
(Post 12092489)
Yeah, in On the Beach, we were the last to go :thumbup:
Did you ever see 'These Final Hours'? We were last to go then as well - and it was all filmed in Perth. S |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12092226)
Well there it is folks. For everyone who has a house in the UK. Astera recommends sell and get your pounds out.
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Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by Beoz
(Post 12092248)
It might have to be another safe currency. Donald Trump is likely to become president and global sentiment towards DT is not great.
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Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by OzTennis
(Post 12092576)
The suggestion was about moving cash assets which you interpret as sell your house to suit your agenda. :confused:
So why not other assets then? One would assume if the pound hits the floor, then the UK is going to be in a bad economic way. What about those those nasty foreign property investors? Are they going to get out too? Or are they going to be buying cheap hoping it will grow in 10 years? Perhaps that's a good pound buy too for 10 years time? You armchair financial advisors are confusing. |
Re: Did the UK do the right thing in voting to leave the E.U.
Originally Posted by OzTennis
(Post 12092583)
Trump's secret server used to communicate between his Trump HO and a Russian bank with links to the Kremlin which is being investigated by the FBI (but for some reason not revealed by the FBI director like the emails which might be a problem) will be brought up before the election so don't count chickens. Trump's links to the Kremlin could be the biggest thing since Watergate. :lol:
Oh never mind http://www.smh.com.au/world/us-election/hotline-to-moscow-bank-revealed-as-fbi-probe-kremlins-fiveyear-trump-plan-20161101-gsfcay.html |
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