Ideas for holding USD?

[AtW]

Why oh why would you want a USD position to hedge against GBP collapse.

He must be one of those cretins guru keeps referring to.

HTH

[DimPrawn]

USD will collapse. You know this. Why oh why would you want a USD position to hedge against GBP collapse.

This is why I have lots of money and you don't.

[AtW]

This is why I have lots of money and you don't.

Sir, you are a fool!

[suityou01]

Sir, you are a fool!

This is the first time I have ever agreed with ATW. That not withstanding, I wholeheartedly agree with the aforementioned esteemed poster on this issue.

HTH

[milanbenes]

This is why I have lots of money and you don't.

not for long if you......



'To reduce risk if sterling collapses, I'd like to hold some in USD.'




is that an oxymoron, or only a moron ?


Dim that is an excellent, joke, the best I have heard today, using the USD to hedge against a collapsing £

please tell us some more like that

your plan b could be stand up comedy

quality !!!

Milan.

[DimPrawn]

Watch and see GBP fall back to lows of $1.30 to a pound later this year as the world realises the UK isn't going to afford it's debt payments.

[suityou01]

not for long if you......



'To reduce risk if sterling collapses, I'd like to hold some in USD.'




is that an oxymoron, or only a moron ?


Dim that is an excellent, joke, the best I have heard today, using the USD to hedge against a collapsing £

please tell us some more like that

your plan b could be stand up comedy

quality !!!

Milan.

Face it DP, you were less subtle than usual and got found out.

[suityou01]

Watch and see GBP fall back to lows of $1.30 to a pound later this year as the world realises the UK isn't going to afford it's debt payments.

Yanks just hoiked there national debt to 3.5Trillion and counting. They are in technical default according to the laws of Guillome Greengrass laws or whatever it's called. And they just move the ceiling.

It's creditors see this. They know what they are going to do.

[Board Game Geek]

This is why I have lots of money and you don't.

No need to be vulgar, dear boy.

[AtW]

Watch and see GBP fall back to lows of $1.30 to a pound later this year as the world realises the UK isn't going to afford it's debt payments.

Debt repayments are in GBP you numpty, not dollars.

It's another matter that yields would have to go up as GBP becomes less attractive as a currency, and sales of gilts may go down but there is a solution for this - printing presses can solve all money problems.