Reply to: Seriously!!!!??

[NotAllThere]

The swiss will be glad to help him they have few morals.

So NLyUK was right when she said she owned your arse?

Late night shandy drinking again?

[vetran]

doing my bit for the UK economy - helping the indigenous with their thirst for cheap credit

So NLyUK was right when she said she owned your arse?

[vetran]

Are you quite sure this is the best time to be converting Sterling to Euros? Perhaps stick it in Gold for a few months until things settle down? You can (I believe) move Gold around quite easily and sell it in Euros when you need the cash.

The swiss will be glad to help him they have few morals.

[scooterscot]

doing my bit for the UK economy - helping the indigenous with their thirst for cheap credit

[DimPrawn]

Anyway, hats off to Scooter, handing over a large sum of money to the UK banking bail-in, I hope some of it goes to the needy and not all to bankster bonuses this time.

[Old Greg]

Isn't the correct answer you should be buying bitcoin, because ultimately it will go up 1000x soon?

That may turn out to be true in GBP terms.

[DimPrawn]

Are you quite sure this is the best time to be converting Sterling to Euros? Perhaps stick it in Gold for a few months until things settle down? You can (I believe) move Gold around quite easily and sell it in Euros when you need the cash.

Isn't the correct answer you should be buying bitcoin, because ultimately it will go up 1000x soon?

[Old Greg]

Two of my banks have posted / informed me with the message below. We're about to send the proceeds of our sale back to our Euro account. And now the UK introduces capital flight restrictions

No bank runs until I get my money out.

Maybe they're just doing it to spite you.

[scooterscot]

Are you quite sure this is the best time to be converting Sterling to Euros? Perhaps stick it in Gold for a few months until things settle down? You can (I believe) move Gold around quite easily and sell it in Euros when you need the cash.

Doing exactly that with about 30% of the sale proceeds. However not to chuffed about storing in the UK, might drive over and collect.

[tomtomagain]

What you need is some sort of "virtual" currency to allow you to change your "Fiat" into tokens back again in a different location.

[Mordac]

Yeah I remember having a conversation with my bank manager

they seem to get the impression it is their money and not yours

It's their money, until it become Jeremy Corbyns money...

[Mordac]

Two of my banks have posted / informed me with the message below. We're about to send the proceeds of our sale back to our Euro account. And now the UK introduces capital flight restrictions

No bank runs until I get my money out.

Are you quite sure this is the best time to be converting Sterling to Euros? Perhaps stick it in Gold for a few months until things settle down? You can (I believe) move Gold around quite easily and sell it in Euros when you need the cash.

[scooterscot]

Yup, you're now legally just a creditor. Hence the risk of 'bail-ins' for amounts over the FSCS limit.

Well over the FSCS limit.

[Hobosapien]

Yup, you're now legally just a creditor. Hence the risk of 'bail-ins' for amounts over the FSCS limit.

[Lance]

There are economists that argue that it is indeed theirs.

when you deposit in a bank you are lending them the money. It becomes their money, but they owe you the same amount back. If they can't afford to pay, you rely on the government under the FSCS to cover your loss.

So yes, it's their money.