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GMReq.
Ideals vs Reality

Registered: Mar 2012
Posts: 380 - Threads: 89
Location:

Quote:
Reverse Swing wrote on 14-10-2016 04:47 PM

Quote:
Coops wrote on 13-10-2016 11:59 PM

Still got your head in the sand even though the pound has crashed to a 30 year low?



Just goes to show how clued up the masses are.

Pound is not our currency, it is Sterling.

As for a lower Sterling, it was needed, the Sterling was overvalued anyway!

And to the people who weep about inflation, there are other factors which drive up inflation, mainly ENERGY costs such as Oil and Gas. Oh not to mention higher inflation means your debt is valued less!





The golden ratio was breached.

£435 Billion of QE here in the UK and over the pond. I would not be surprised if notes are being printed in Isreal.

If there is one thing that is useful, it is the ability to depreciate currency. The jockeys on the stock market want to hype the profits and it does come at he detriment to the person who looks for stability.

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Old Post17-10-2016 16:09 PM
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ceekay
venomous fairy

Registered: Feb 2010
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Quote:
louloubell wrote on 17-10-2016 04:37 PM

Does this mean you'll be handing back your British citizenship then? Laughs out loud



One does not simply hand back a citizenship.

"Do you believe in the devil? You know, a supreme evil being dedicated to the temptation, corruption, and destruction of man?"
"I'm not sure that man needs the help." (Calvin & Hobbes)

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Old Post17-10-2016 16:20 PM
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louloubell
Back on the naughty step

Registered: Apr 2003
Posts: 14563 - Threads: 1030
Location: On my merry go roundabout

Quote:
ceekay wrote on 17-10-2016 05:20 PM

One does not simply hand back a citizenship.



Ah, so you've looked into this matter then? Big grin So what nationality will you be going for this time? Russian? They seem to be on the up & up right now. Growing country n all that. Razz

Only love can leave such a mark, only love can heal such a scar.

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Old Post17-10-2016 16:28 PM
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Reverse Swing
Greatest exponent

Registered: Apr 2012
Posts: 3370 - Threads: 69
Location: Lord's

Quote:
GMReq. wrote on 17-10-2016 05:09 PM

Quote:
Reverse Swing wrote on 14-10-2016 04:47 PM

Quote:
Coops wrote on 13-10-2016 11:59 PM

Still got your head in the sand even though the pound has crashed to a 30 year low?



Just goes to show how clued up the masses are.

Pound is not our currency, it is Sterling.

As for a lower Sterling, it was needed, the Sterling was overvalued anyway!

And to the people who weep about inflation, there are other factors which drive up inflation, mainly ENERGY costs such as Oil and Gas. Oh not to mention higher inflation means your debt is valued less!





The golden ratio was breached.

£435 Billion of QE here in the UK and over the pond. I would not be surprised if notes are being printed in Isreal.

If there is one thing that is useful, it is the ability to depreciate currency. The jockeys on the stock market want to hype the profits and it does come at he detriment to the person who looks for stability.



It's true that a weak currency will raise the cost of imports, and pump the FTSE 100, but the fact is, that every developed economy in the world is struggling to create inflation - Amreeka, EU, UK, and Japan - but now is the first time in a decade where inflation will be a certainty in a Western economy. Moreover, a weak currency will boost our exports thus increase manufacturing in the UK.

The real issue here is twofold - wages may not increase with the rate of inflation, and of course, if inflation heads towards 2%+ then the BoE will need to consider raising interest rates - kaboom.


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Old Post18-10-2016 09:34 AM
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Private1

Registered: Aug 2002
Posts: 40875 - Threads: 1195
Location: London

Quote:
Reverse Swing wrote on 18-10-2016 10:34 AM

It's true that a weak currency will raise the cost of imports, and pump the FTSE 100, but the fact is, that every developed economy in the world is struggling to create inflation - Amreeka, EU, UK, and Japan - but now is the first time in a decade where inflation will be a certainty in a Western economy. Moreover, a weak currency will boost our exports thus increase manufacturing in the UK.

The real issue here is twofold - wages may not increase with the rate of inflation, and of course, if inflation heads towards 2%+ then the BoE will need to consider raising interest rates - kaboom.



Savers are taking a hit as well.

British savers in crisis: Nest-eggs shrink as inflation rises to highest level in two years and is set to take off


Buy Gold?

There was a man in front of me in the queue in tesco's buying condoms.
When the cashier asked if he needed a bag, he said "No, she isn't that ugly"

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Old Post18-10-2016 10:34 AM
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ceekay
venomous fairy

Registered: Feb 2010
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Quote:
Private1 wrote on 18-10-2016 11:34 AM

Savers are taking a hit as well.

British savers in crisis: Nest-eggs shrink as inflation rises to highest level in two years and is set to take off


Buy Gold?



I gave up attempting to save when Lloyds sent me a letter telling me that the rate of interest was going to be about 0.5%, if that.

"Do you believe in the devil? You know, a supreme evil being dedicated to the temptation, corruption, and destruction of man?"
"I'm not sure that man needs the help." (Calvin & Hobbes)

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Old Post18-10-2016 10:36 AM
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Quin.
???

Registered: Oct 2010
Posts: 33299 - Threads: 424
Location: london

Quote:
louloubell wrote on 17-10-2016 05:28 PM

Ah, so you've looked into this matter then? Big grin So what nationality will you be going for this time? Russian? They seem to be on the up & up right now. Growing country n all that. Razz



Quite the opposite actually, but hey-ho.

And those who were seen dancing were thought to be insane by those that could not hear the music -Nietzsche

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Old Post18-10-2016 10:52 AM
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Nicky Hype
U Fiend!

Registered: Feb 2004
Posts: 4671 - Threads: 341
Location: Vancouver, Canada

Good for me.

I'm looking forward to when Article 50 is signed and the arse drops out of the Pound. I'm gonna buy some sterling and sit on it till it goes back up in value. Once it does, I will transfer it back to Canada.

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Old Post18-10-2016 20:57 PM
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Coops

Registered: Jul 2003
Posts: 18540 - Threads: 513
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[Edited by Coops on 19-10-2016 09:35 AM]

The weak pound is good for the antiques trade (well good for selling). We had a lot more foreign buyers than usual last weekend. A friend of mine runs an auction, a lot of the bidding is done online, he reckons business is booming with foreign buyers.

I still think that it is a shit-storm of the Tories making but you have to make money where you can. If life gives you lemons don't try and make orange juice.

But he made too many enemies
Of the people who would keep us on our knees

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Old Post19-10-2016 08:34 AM
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5709

Registered: Jul 2003
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Quote:
Coops wrote on 19-10-2016 09:34 AM

The weak pound is good for the antiques trade (well good for selling). We had a lot more foreign buyers than usual last weekend. A friend of mine runs an auction, a lot of the bidding is done online, he reckons business is booming with foreign buyers.

I still think that it is a shit-storm of the Tories making but you have to make money where you can. If life gives you lemons don't try and make orange juice.



Do they have auctions in China?

I often think, when watching these antique shows, with them banging on about how China stuff is hot right now with them buying it all back, why don't they get a load together, ship them over there, fly out, and flog the stuff to them in their own Country.

You'd get loads more bidders, much more than hoping for internet bidders in a UK saleroom.

I don't know how much shipping costs would be though, and if it would be financially logical.

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Old Post19-10-2016 09:00 AM
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