My tip for holding USD: don't be tempted to a version of 'Loadsamoney'. I tried it once 
, the septic just look at you like you are a nut case.
, the septic just look at you like you are a nut case.
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - Aesop -
Why not buy UK property?
Interest rates are low.
Property has come down.
Inflation is forecast in the next few years.
Surely a good time to buy an investment property?
A few Aussies have done this to profit from the strong AUD/GBP.
It's actually reasonably easy to sort out from here.Comment
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http://news.bbc.co.uk/1/hi/business/8523500.stmOriginally posted by suityou01 View Post
USD will collapse. You know this. Why oh why would you want a USD position to hedge against GBP collapse.
See my sig.Comment
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Did you use a UK bank and did you use a third party (rather than the bank) to do the conversion to USD to save on high bank charges?Originally posted by DimPrawn View PostComment
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Forget USD hold AUD/JPY as a carry trade and take the interest difference"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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How do you hold AUD? I don't think I've come across UK banks that hold anything other than Euro and USD.Originally posted by Jog On View PostComment
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You do it in an FX trading account as a spot FX trade.Originally posted by TimberWolf View Post"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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GBP/USD = cable, because decades ago, FX transactions was made through copper cable communications between USA and UK...
Yes... There is a cable wire in the Atlantic ocean linking between UK and USA.Comment
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YASUKA, do you like movies about gladiators?Originally posted by YASUKA View PostHow did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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