The £ ....if in doubt

[BlasterBates]

print it out

Pound Faces Pain as Cameron Cuts Send King to Printing Press - Bloomberg

Euros anyone?

[TimberWolf]

I can't decide whether to hang on to my rapidly depreciating dollars or whether to cut my losses. At least the gold I bought at the same time as dollars last year has evened things up a little.

[alreadypacked]

I really can't decide what to do, I was keeping money in £ thinking property prices would come down, that has not happened yet.

Now I think it's too late to move.

[CheeseSlice]

Soon, none of this exchange rate talk will matter.
Only one currency will be worth anything.

The Gold ATM Comes to America

[Jog On]

Nice pic of a rolled up tenner there:



With all that going on in the city - is it any wonder this country's going down the pan?

[Sysman]

print it out

Pound Faces Pain as Cameron Cuts Send King to Printing Press - Bloomberg

Euros anyone?

Wheelbarrows

[filthy1980]

Soon, none of this exchange rate talk will matter.
Only one currency will be worth anything.

The Gold ATM Comes to America

WHS

only currency that has worked for thousands of years, as someone smarter then me once said . . .

"what ever made you think paper was so valuable?"

[HairyArsedBloke]

WHS

only currency that has worked for thousands of years, as someone smarter then me once said . . .

"what ever made you think paper was so valuable?"

As Dylan Grice of SocGen said on Friday, Gold - no counterparty default in 6,000 years.

[aussielong]

I really can't decide what to do, I was keeping money in £ thinking property prices would come down, that has not happened yet.

Now I think it's too late to move.

Plenty of people in the same boat. Property has come down in some places in the UK. I think you have to invest in the UK for 5 years until the pound comes back. Either buy property or a managed fund with property exposure.

[d000hg]

Gold is about £27/g, right? That means you could actually put 1g of gold in a special currency, like a plastic leaf with the gold inset (like the chip on a credit card). Of course then demand for gold would rocket, but they wouldn't need as much. That metal line on bank notes could be replaced with real gold.

Of course, getting rid of cash would be easier.