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Scotland/ pound/Dollar/Metal


Pipers

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With the hit on the pound and the vote in Scotland, I was thinking,

 

what is everyones take on what will happen to the price of Silver/Gold in Pounds Sterling after the Scottish election result on Friday.

 

Result YES

 

Result NO

 

I believe if we have a NO vote the pound will rally and the price of Gold/Silver will drop fast enabling a buying oppurtinity.

 

If the Yes win There may be a run on the Pound though most of the price is already baked into the pie.  Gold/Silver will go up in price.

 

Discuss please

 

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Agreed. If Yes, better to buy today. If no, better to buy next after the results. I do believe that a Yes vote would hit the Pound hard but I think an agreement on a currency union would be made pretty quickly to stabilise the situation.

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Agreed. If Yes, better to buy today. If no, better to buy next after the results. I do believe that a Yes vote would hit the Pound hard but I think an agreement on a currency union would be made pretty quickly to stabilise the situation.

Sent from my iPhone using Tapatalk

I actually think the opposite. Whilst I agree a yes vote will hit the pound I think it will be because the markets are fearful that there WILL be a currency union. Sterling is a safe haven in times of trouble as we have seen, but if Sterling has an albatross around it's neck like Scotland, with its socialist agenda of spend spend spend, then any faith in the currency will disappear sharpish.

 

The first thing the government will have to do is convince the markets that there WILL NOT be a currency union. Once that happens then the markets will right themselves naturally. What happens to the value of the "Scottish Bawbee" is something completely different.   

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In a global market, the referendum vote will have absolutely no effect whatsoever on the price of PMs or oil or any other commodity.
There will be journalists, economists and other bullshitters linking any movement to current affairs in an order to appear knowledgeable.
Next week it will be war in Syria, Africa, Ukraine or poor harvest in Russia etc. etc - indeed anything that makes news.

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In a global market, the referendum vote will have absolutely no effect whatsoever on the price of PMs or oil or any other commodity.

There will be journalists, economists and other bullshitters linking any movement to current affairs in an order to appear knowledgeable.

Next week it will be war in Syria, Africa, Ukraine or poor harvest in Russia etc. etc - indeed anything that makes news.

 

Haven't you been watching Bloomberg lately? Market fundamentals are OUT, and news is IN.

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