Definitely not the time to catch the falling knife. There will be a domino effect of other countries wanting their own vote to decide to stay or leave.
I hope other countries say, hey - let's see how it goes for Britain over the next few years. Hopefully they get a quick exit and once their economy tanks everyone can learn from their mistake.
If it were me I wouldn't take the chance unless it falls more first. At that point I would consider it then.
I think there will be a rebound early next week but I am not buying but just holding my position - then again I play more of a longer term game. When there is a lot of uncertainty the markets tend to be very volatile and reactive. The big question is whether the EU will hold up now that Britain is out. Ironically, if there is a big British crash and they head into a recession, it may keep Europe together, and if British manages it pretty well for the next 6 months, you could see the break up of the EU as that will give fuel to other national movements, which in turn would send the markets lower and likely lead to a global recession. So it's going to be very interesting, in a way, the best thing that could happen is that things go ugly for the UK which would help hold the EU together and thus limit the global damage of Brexit. But yeah, I would hold right now until the markets shakes out and there is some clarity.
Everyone should take all of the money out of the stock markets and the banks ASAP. Invest it in silver and gold, pack it well, take it out to the middle of nowhere, note your GPS position, and bury it. Silver is already starting to creep up. Keep a close eye on it. I'm banking on Bitcoin making a large jump with the upcoming halving in about 9 days. I didn't even know what the Bitcoin was 2 weeks ago, now I own 5 of them. The Bitcoin has the potential to be the first world currency if it can overcome it's problems. Some people believe it will soon collapse itself, but since it was introduced in 2009 after the Financial Collapse, it's still going strong. If you have money you can afford to lose, it's a high risk, yet very high reward currency. I don't know if it will be the Bitcoin, but Cryptocurrency is most definitely the future. To hell with centralized banks.
Get your money out of the stock market for sure! https://www.youtube.com/watch?v=4ECi6WJpbzE (Overdose: The Next Financial Crisis) Basically it's the US short version of what's happening here) https://www.youtube.com/watch?v=VQzEWeGJLP0 (2:49 long, but worth every second. Global Financial Meltdown. What's happening around the entire world. 97% of the money in the world exists as debt, meaning it's only a number in a computer somewhere. This system simply can't continue)
http://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ pretty cool article
How does one invest in gold non-physically? what are some stock tags that represent it? The context: when people say take your money out of the stock market and invest in gold, presumably they are not going to the store and buying coins or bars of it, right?
A bird in hand is worth two in the bush. The people who have a hardon for gold likely want to have the gold in hand (so they put it in a safe in their backyard's underground bunker).
I have my gold position in the ETF ticker GLD. There are some other ones out there too or look into gold mining companies. They correlate with the price of gold, but are more volatile. http://www.advantagegold.com/gold-stocks-vs-etfs-vs-physical-gold It says that ETFs don't actually possess any gold, but I've heard some of them do.
WTF is in your safe? <iframe width="560" height="315" src="https://www.youtube.com/embed/9zqZiNcVG7Q" frameborder="0" allowfullscreen></iframe>
