The £ ....if in doubt

[Moscow Mule]

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

Just don't buy it from the Ethiopians.

[scooterscot]

Yes come to eurodisney, enough to go around. On the plus side there's no mention of doom and the standard of living and health care is super fantastic...

I only came out here for a 6 month gig n all, now I'll be fully registered next year. You're actually taxed less over here as a freelancer.. compared to the UK.

[gingerjedi]

Soon the Premiertulip fooballers will compete on who is paid most in gold each week, their salaries would finally sound sensible...

And my mum will still moan about Wayne Rooney's 'ridiculous' wages despite paying Murdoch £60 a month.

[AtW]

Soon the Premiertulip fooballers will compete on who is paid most in gold each week, their salaries would finally sound sensible...

[gingerjedi]

What if an additional 500,000 tonnes of gold was discovered underground somewhere... them Arabs wouldn't be so cocky then would they, eh, eh?

[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.

[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.

[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.

[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?"

[Sysman]

print it out

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

Euros anyone?

Wheelbarrows

[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?

[CheeseSlice]

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

The Gold ATM Comes to America

[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.

[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.

[BlasterBates]

print it out

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

Euros anyone?