RE: My post talking to swallow on ADVFN15 Mar 2019 00:26
Wow DJ, that quite a read!
I agree with much of what you say, I too fear overhype having had more than my fair share of that in past investments. My half fullness/emptyness is more as a result of my character rather than in response to the current situation. I do however, as you know, agree with you about relying on an explosion of metal prices to increase the value of AAU, because I am far from convinced it will happen.
We're a funny lot over here, dont think we will ever change. We joined the EEC in 1973, as a nice cosy trading club. Made sense to me. Still would today. But what 52% of us didn't buy into is what the EU is now, with its inflated bureaucracy, massive budgets, hints of a forthcoming European army and centralised law making (in certain prescribed areas) reducing the power of our elected Governments to legislate without seeking a patronising pat on the head from our European masters. How did a trading arrangement become the United States of Europe? It feels we don't vote in a Government every 5 years anymore to steer the country, more a sort of Parish Council that decides upon things not dictated elsewhere. I dont want to strike up Land of Hope and Glory but our relatives fought for the independence of this quirky little Island and some of us (not by any means all as I appreciate) dont want that Independence continually eroded.
I concede we may suffer economically, and I am aware that you may think deliberately heading that way is foolish. Purely objectively it probably is. But what if the same was happening in the US, would the population be happy?
I dont know how this will play out , no one does. I don't see the long term prospects for AAU being changed by Brexit, they produce an internationally traded commodity priced in $. The Share Price may be affected in the immedate future due to underperformance in the UK markets during this turmoil, but in the value of the commodity produced will not be.
I'm going to regret sending this. As your Britney Spears once said 'Ooops!....I did it again'