Massive fall in UK inflation, at last!!!

[AtW]

It's now only 4.8%.

Guess Sir Merv will have to write one of those letters again.

BBC News - UK inflation rate falls to 4.8% in November

[DimPrawn]

So the price of things are going up by nearly 5% pa on average and we should all breathe a sigh of relief as the BoE prepares in Feb to print ANOTHER 1/2 trillion £££ to debase the £ and shrink debts by default.

The Euro may be all but dead but so is the £.

[BrilloPad]

I love the way the papers report inflation is falling as if prices are going down....

[AtW]

Did you buy much gold recently?

[BrilloPad]

Did you buy much gold recently?

No. I bought a flat in Birmingham instead. Surely a far better hedge against EuroGedden.

[DimPrawn]

Did you buy much gold recently?

I bought another £30K worth yesterday.

[AtW]

No. I bought a flat in Birmingham instead. Surely a far better hedge against EuroGedden.

A flat is a place to live - sadly the bank decided it is better to keep long term bad debt on the books rather than actually write it off and get 70% back.

I bet they value it at 100% at the moment still