Reply to: Pound to fall

[lilelvis2000]

Sysman
Originally Posted by KentPhilip
By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)
Today I bumped into an old mate who is now in Asia. He reckons the place is doing fabulously well and everybody is shopping until they drop.

Hmm. Sounds a bit reminiscent of The West before the crash. Hope it doesn't end in tears.

Sounds like my wife right now.

[Sysman]

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)

Today I bumped into an old mate who is now in Asia. He reckons the place is doing fabulously well and everybody is shopping until they drop.

Hmm. Sounds a bit reminiscent of The West before the crash. Hope it doesn't end in tears.

[AtW]

Aye, but looking at the graph, don't hang onto it for longer than 50 years:

You mean 50 years after World War?

[Sysman]

So the euro has just begun in life - buy now i tell you!!

Aye, but looking at the graph, don't hang onto it for longer than 50 years:

[AtW]

You've got to speculate to accumulate.

[doodab]

I'm just about to trade in some euros and go long on beer. You've got to speculate to accumulate.

[Old Greg]

I'm long EUR/GBP from 0.8810

Does that mean you haven't changed your holiday money back. Or is it the other way round?

[Jog On]

I'm long EUR/GBP from 0.8810

[AtW]

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Most people don't have any savings worth talking about because sadly disposable incomes were very low and now falling and much of the "wealth" was based on borrowing cheap debt against ever raising house prices.

So with a £15k cap on NS&I they will never attract enough money from people who have billions in savings - and they did not even plan on it, this is just a side show designed to demonstrate that they are doing "something" for savers instead of just getting interest rates where they should have been: 7-10%.

[KentPhilip]

If only the government could find some way of persuading people to keep their money in Sterling for a derisory interest rate (negative in real unfiddled terms likely) and locked in for 5 years.

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)

[scooterscot]

So the euro has just begun in life - buy now i tell you!!

[TimberWolf]

Hmm

• Median age for all existing currencies in circulation is 39 years
• British pound sterling and the United States dollar are considered to be the most successful paper currencies of all time:
• ...GBP has lost 98.8% of its value since 1560 measured against silver - " the British Pound originally represented one troy pound of sterling silver"
• ...USD has lost 97.8% of its value since 1792 measured against gold - " the dollar was pegged at 24.75 grains of gold"

"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)

http://www.marketoracle.co.uk/Article8100.html

[Sysman]

Only plebs carry cash.

The brainwashing is working as planned

[DimPrawn]

Only plebs carry cash.

Indeed. I carry gold, but fook me it's heavy.

Gold could rise as far as $12,000

Boomed!

[d000hg]

That was Thatcher's problem with Sterling. Because she never carried money herself, she lost touch with what it was worth.

Only plebs carry cash.