$ vs £ ETFs

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milanbenes replied

13 March 2008, 10:36
depends whether you are buying or selling

Milan.
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Tensai replied

13 March 2008, 09:50
Originally posted by milanbenes View Post

in a word,

yes

they will

Milan.

Isn't that three words?
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milanbenes replied

13 March 2008, 08:39
in a word,

yes

they will

Milan.
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GreenerGrass replied

13 March 2008, 08:30
Originally posted by threaded View Post

The rate at which they're printing dollars would worry me.

But the bigger question I have on these ETFs is why bother? The whole point of buying gold is to be insulated from currencies and banks.

What's your solution, and can it be held in an ISA?

I just have a tiny amount in a £-traded gold ETF at the moment.

Will all these chavs with Sovereign rings suddenly become wealthy?
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threaded replied

13 March 2008, 08:17
The rate at which they're printing dollars would worry me.

But the bigger question I have on these ETFs is why bother? The whole point of buying gold is to be insulated from currencies and banks.
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GreenerGrass started a topic $ vs £ ETFs

13 March 2008, 08:09
$ vs £ ETFs

Looking at ETFs and stuff like gold, silver and grains can be bought in dollar or sterling traded funds. We all know the dollar is in freefall, but although the pound is strong against it at the moment, it could well fall back a bit closer to historical averages (maybe $1.75 per £) within a year.
So best to buy dollar traded funds? Unless the BOE refuse to cut rates...and even if they do, they won't match the Fed which could take it down to 1%.
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