Zopa

[milanbenes]

who says CHF and EUR track opposite of each other ?

And what does this mean,

'There is a Leylandii quality to some of your posts, though.'



Milan.

[milanbenes]

I'm putting another chunk of Sterlings into USD, based on the fact that although both the USA and Britain are seriously fooked, my money is on the $ outperforming the £ in the medium to long term and if one of those is going to go kapput, it's going to be the pound.

reminds me of the Britney song

'oops he did it again'....


well this is gonna be interesting to watch


who was the CUK Contributor who converted Euros to £ a matter of months before the £ devalued against the Eur ?

Milan.

[TimberWolf]

I'm putting another chunk of Sterlings into USD, based on the fact that although both the USA and Britain are seriously fooked, my money is on the $ outperforming the £ in the medium to long term and if one of those is going to go kapput, it's going to be the pound.

Interest bearing?

Someone on another forum says these guys pay over 2% interest (yippee) on USD currency. What do you think?

[milanbenes]

Gentlemens,

my point is

when currencies devalue, interest rates on savings will be the least of your worries

the challenge at the moment is simply wealth preservation as opposed to wealth generation

to many have lost too much through wealth generation when if they have taken the conservative approach to wealth preservation in the long term they would have won

Milan.

[DimPrawn]

reminds me of the Britney song

'oops he did it again'....


well this is gonna be interesting to watch


who was the CUK Contributor who converted Euros to £ a matter of months before the £ devalued against the Eur ?

Milan.

Okay I'll say it again. I converted the EUR to GBP at 1.26

Euro to GBP had historically been trading at about 1.5 for years, so I got a much better deal than if I had converted earlier.

Yes, the rate is now 1.15, so I would have got a lot more by holding, but I didn't have crystal ball.

Time will tell on the USD front.

[DimPrawn]

Interest bearing?

Someone on another forum says these guys pay over 2% interest (yippee) on USD currency. What do you think?

Not really bothered about the interest, just don't want to hold one single currency that may go pop and be worth zero any day soon.

As well as USD currency I'm also holding a number of US shares that look undervalued and yield on dividends more than you can get in any bank account.

[milanbenes]

DP,

only teasing, sorry,

Milan.