Brexit

Surprised I haven't seen a thread on this yet... Looks like the UK is voting to leave the European Union during today's referendum. This could become a very historically significant day. I'm curious to hear thoughts from UK members. Thoughts?

 

I was very shocked to see the results. While it will hurt the UK the most, this event is going to affect the entire world's economy. Sadly, many of those who voted to leave did it for xenophobic reasons. It's a shame that so many people fear immigrants.

 

People just think change will solve every issue but they rarely look at what the change is and how it will effect the bigger picture.

 

Shoulda looked in the finance subforum. It's poppin' in there.

I was shocked too, though one must understand it's only a referendum - not a bill or law being passed. The government can still do whatever they want, especially since it was a pretty close vote. The status quo bais might sway the gov. into staying in the EU, but then again - the main land was mostly blue

The implied volatility was 82% Remain 18% Stay before voting began [source]

Also, here is the voting live updated

 

Glad to see Britain gain independence. Saves them from the EU laws that were placed on them by EU officials they didn't elect and can't vote out.

Gold up almost 5%

 

time to invest all my money into RS gold

 

Aaaaaaaaaand leave. I voted the same also.

(we won't leave for at least 2 years, so stop worrying if there are people having panic attacks this morning over the news)

 

Gold a good play when there's global unrest - for some reason we LOVEEEE to use gold for an investors "safehaven"

The futures are hella down, so your gold will probably continue to go up

 

Yeah when I heard the sterling was at an all time low that upset me. But can't do much about that now ;/

 

David Cameron to resign.

http://www.reuters.com/article/us-britain-eu-cameron-idUSKCN0ZA11H

 

A lot of people lost a lot of money today.. The pound is plummeting, gold is rising, the dollar will probably rise... Not a good day for the market all around. We'll probably see the negative impact for a long time to come.

 

Expecting a second referendum. The UK just jumped off a tall building without forethought.

 

I voted to leave and I'm glad we're most likely going to be leaving. Hopefully it all turns out alright and we make it through the short term struggles everyone knew were going to happen.

 

I presume you mean a second referendum for Scotland? On a side note I heard people are putting money into btc aswell.

 

Not talking about Scotland, although it could be said for there as well.

 

Sad to see UK leave our European Union. Not a big fan of the Union in its current state aswell, but sad to see UK fully leave as this will probably cost the other members, just like the UK itself, a lot of money. As for myself, living in the Netherlands, experts estimated total cost for us to be around 15 billion euros. Hopefully this will be the start of a reform, not total destruction of the EU and hopefully Great Britain will remain in some way or join the newly reformed Union. Let's wait and see.

 

Scotland and Northern Ireland and even fuckin London want independence now lmfao

 

I disagree, I don't think it will affect the ''world'' it will effect some companies and have a small effect on the economy of the world. There is no financial benefit for the UK to leave the EU.
The thing that will happen is that british people will lose buying power (-10% already) they won't feel the effect for the 1st few months but after a while they will. This might cuse Hyperinflation (Price of stuff skyrocketing ), or that the currency becomes dog ***.

The UK imports most of there Basic needs (Food), and exports secondary needs.
Now if they are going to change the trading there the Brits might have a bigger problem then just listening to the EU

 

It will have an impact on the world. Big international businesses will be moving out of the UK if their main market is in the EU. Countries like Ireland, France, Germany, etc, will become more appealing HQ countries to hit their market. That's a huge chunk of the British economy just up and leaving out of necessity. These companies have been established for decades - the job loss will be unprecedented, and as we know, job loss impacts the economy in a huge way. With the currency going to shit we can also expect a housing market crash and a recession. The UK has a population of almost 65 million people. If their economy goes in the shitter, you can expect the rest of the world will feel it. They're a big part of the global economy after all.

 

Lifting the EUs trade restrictions and regulations will save UK business owners and consumers an enormous amount of money, and make it more desirable and easier to start businesses in the UK.

Economically, this is a huge boost for the people of the UK.