Are the EU (Germany) really going to damage their exports even further by putting punitive tariffs on a post Brexit UK?
I really wouldn't have thought so.
The fact is, Germany is slipping into recession and if Germany slips into recession, then the whole Eurozone does also. This is of course part of a bad news story for the whole global economy, but I could see the EU being completely shaken up over the next decade, and the Euro currency unit either going down as a big failed experiment, or a whole bunch of nations being booted out of it, and/or voting themselves out of it.
.....of course, it will all be blamed on Trump's trade wars and Brexit, but a fact of life about our capitalist ponzi scheme economy, is that it implodes every 10 years or so, and every 40 odd years, we have a complete monetary paradigm shift. The world came off the Bretton Woods system in the mid 70's and have been on the Petrodollar ever since, so such a shift is well overdue.
Anyone buy gold when I told them to at $1300 a month or so ago?
Gold tagged the $1550 level yesterday, currently trading at $1520.
Gold is currently overbought, that is for sure, but looking out a year or two down the line, it is going to go up multiple times over.....and who knows.....if the shit really hits the fan it might be the only form of easily tradeable and transferable wealth that is worth shit.