Lloyds Banking Group - Re: LLOY Stream Log - When is the government going...

When is the government going to off-load its Lloyds stock on the unwary? Post-Brexit the SP was 47p. Today it's 53p and that is with a Footsie ot 6,700. If the Market falls into a nosedive, I suspect that the 47p price will be sliced through like a hot knife through butter. If this be the case, it could be dangerous to take any stock above 40p. When Wall Street wobbles, and comes crashing down later this year, it will suck in all the global economies in its wake. How then would Lloyds stand up to a Footsie at 4,500? How about 15p to 20p? Lloyds is just so wrapped up in the UK with massive exposure to the UK economy. I'd much prefer to take my chances in gold. If we are sucked into this economic vortex, gold prices may go up 500% over 24 hours. I see huge losses ahead for Lloyds but security in gold. But investors must feather their own beds accordingly.