Royal Bank of Scotland Says "Sell Everything"....

No worries as I come here to discuss coins and my hobby.
That said post whatever you're on iggy.

 

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This is political, and we don't discuss politics here. This is a coin forum.

 

This was posted in the US Coin forum rather than general discussion or a more logical area and then we still have people who can't seem to stop the political ranting?? Posts removed , infractions given, read the rules more carefully. Thanks.
Jim

 

Exactly. And if something does happen, don't panic sell without assessing the situation first. A lot of things rebounded and would have recovered in the stock market but a lot of people locked in their losses panic selling when it had already taken a huge drop. Some things were worth dumping, many were not. There's never a one size fits all approach to things.

 

Got it. Thanks.

 

Actually this would have been closer to appropriate in the bullion forum - where we're slicing and dicing the economy every day along with bullion and other commodities - sans politics. (as much as we can sans politics anyhow)

 

It's almost certainly a BUY signal. They were very bullish in 2007... then a little "Oopsie" happened. Take a look at their 10 year chart:

http://finance.yahoo.com/echarts?s=RBS+Interactive#symbol=RBS;range=my


Is this a company you'd trust with advising you on your finances?

 

A company that took the dole from the British taxpayer as a result of their mismanagement.

 

The World wide glut of oil is not going to dry up soon.

Even at $75.00 oil green alternatives are not competitive to oil. To really make in-roads into mainstream energy required a significant carbon tax to artificially inflate cost of carbon. With the price of oil where it is now makes the carbon tax required for competitive alternatives beyond what the general population is willing to bear.

Fracked/shale/tar sand oil production at this time is still cheaper than alternatives but is right at the cusp where a significant percentage of the population would endure a carbon tax for cleaner alternatives. Well with about 10 more years of RD and breakthroughs that make production of alternatives more cost efficient. Plus continued blockage of infra-structure investments that would reduce cost of production of these oil reserves. Such as the Keystone pipeline.

If a carbon tax takes hold - oil producers would still face lowering oil prices to to remain the cheaper energy to prevent alternatives from grabbing market share. But they would be funding their own demise because the tax revenue generated would be rolled into alternatives as a subsidy. Allowing alternatives to lower their cost of production.

Anyway what it boils down to is the Oil producing countries will continue over supply depressing oil prices and get $25.00 to prevent the other sources from eroding their market share as quickly. $25.00 for as much oil as one can produce is better than getting stranded in the future with a large reserve of a resource that has no value.

That is my take on it.

 

The bullion market is just the same as any similar market, far more driven by emotion than any "expert" seems to factor. Unless it's somebody attempting to drive prices down for profit, because what this makes me want to do is plan to start buying, not plan to sell.

 

Are you selling your crystal ball?

Don't be silly, girl!