Which currency would you choose right now.....
Discussion
Hilts said:
Hilts said:
400 barrels of crude oil.
well at 58$ a barrel, thats 23,000$ so Oil will either have to treble, or all the others halve for you to be quids in
Aye, but I was counting in my dealer markup, is there someone in your manor undercutting me ?
and do you have the spare £40m to refine it into something useful?
timmy30 said:
Crude Oil - can't see it getting any cheaper myself, until they develop alternatives to produce hydrogen fuel. Gold is only good in times of war.
>> Edited by fido on Friday 21st October 15:59
Aren't we in such a period now?
oh, you don't wanna belive what you read in the news :-)
timmy30 said:
100oz of Gold
$48,000
£27,000
E40,300
BUT you have to wait 5 years before you receive the amount you choose.
See my take is that the £ is over valued for sure....the $ looks shakey, Euro is the least over valued paper currency...but structurally lots of risks easpcially political.
Gold is up 90% from it's trough, but seems to bear near it's mean ( no where hear it's peak of $800 ).
UBS today released a report citing a sharp US slowdown next year, they are going neutral on equities and bonds ( in all markets ) and suggest switching into cash.......aha but which cash.
timmy30 said:
100oz of Gold
$48,000
£27,000
E40,300
BUT you have to wait 5 years before you receive the amount you choose.
See my take is that the £ is over valued for sure....the $ looks shakey, Euro is the least over valued paper currency...but structurally lots of risks easpcially political.
Gold is up 90% from it's trough, but seems to bear near it's mean ( no where hear it's peak of $800 ).
UBS today released a report citing a sharp US slowdown next year, they are going neutral on equities and bonds ( in all markets ) and suggest switching into cash.......aha but which cash.
When they say switching into cash they don't actually mean cash as in currencies, they mean deposit rates.
GT said:
timmy30 said:
100oz of Gold
$48,000
£27,000
E40,300
BUT you have to wait 5 years before you receive the amount you choose.
See my take is that the £ is over valued for sure....the $ looks shakey, Euro is the least over valued paper currency...but structurally lots of risks easpcially political.
Gold is up 90% from it's trough, but seems to bear near it's mean ( no where hear it's peak of $800 ).
UBS today released a report citing a sharp US slowdown next year, they are going neutral on equities and bonds ( in all markets ) and suggest switching into cash.......aha but which cash.
When they say switching into cash they don't actually mean cash as in currencies, they mean deposit rates.
Yes but I can't do that with my pissy little pot, but I agree with the sentiment of the report, economic clouds, £ over valued etc.
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