negative interest rates

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Sarah
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Re: negative interest rates

Post by Sarah » Thu May 28, 2020 6:09 am

Luke_PieStalker wrote:
Wed May 27, 2020 11:21 pm
Id rather buy a sunderland fc season ticket than pay the banks to have my money.
Probably not much interest/profit in that either, though, especially if you can't sell it on quickly.
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Re: negative interest rates

Post by AAAlphaThunder » Thu May 28, 2020 6:48 am

planteria wrote:
Wed May 27, 2020 7:46 pm
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
i'd be prepared to bet that Bitcoin is higher priced, in pounds, a year from now than it is today?
Gold has stood the test of time and has paid off handsomely for me.

Bitcoin is a betting / gambling with real money and it is doing OK for me. I only have a very very very modest holding. Consequently, I'm happy to enjoy the ride all the way. I'm in no hurry to sell.
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pabenny
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Re: negative interest rates

Post by pabenny » Thu May 28, 2020 7:58 am

planteria wrote:
Wed May 27, 2020 7:46 pm
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
i'd be prepared to bet that Bitcoin is higher priced, in pounds, a year from now than it is today?
That sounds like you think that GBP will fall against USD?
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planteria
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Re: negative interest rates

Post by planteria » Thu May 28, 2020 9:31 am

in the short term yes i do. so, what do you say?
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planteria
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Re: negative interest rates

Post by planteria » Thu May 28, 2020 9:34 am

AAAlphaThunder wrote:
Thu May 28, 2020 6:48 am
Bitcoin is a betting / gambling with real money and it is doing OK for me. I only have a very very very modest holding. Consequently, I'm happy to enjoy the ride all the way. I'm in no hurry to sell.
it's a lot more than that, but it's volatile, and i don't think your strategy of hanging on long term is the wrong one.
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Re: negative interest rates

Post by expressman33 » Thu May 28, 2020 11:39 am

Current best interest rate for easy access NS&I Income Bonds 1.16% AER - Open this account online with a deposit of £500. https://www.nsandi.com/income-bonds
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Re: negative interest rates

Post by pabenny » Thu May 28, 2020 11:46 am

Will GBP fall against USD? I doubt there will be a significant fall. Apart from a week or so around the end of March, it's been trading in the range 1.20-1.30 for the last couple of years. I don't see what's going to cause a step change except possibly no deal Brexit after the transition period.

A rise in the GBP price of gold would require both gold price to increase from historic highs(1) and GBP to weaken from historic lows(2). That seems to me like betting on [your choice of team from bottom half of the table] to win the double.


----
(1) Gold is a little off its recent peak - but current levels are higher than any point in the last 45 years (don't have any older data)
(2) GBP>USD rate went below 1.10 in the early 1980s but nowhere near that since then
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planteria
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Re: negative interest rates

Post by planteria » Fri May 29, 2020 8:59 am

pabenny wrote:
Thu May 28, 2020 11:46 am
A rise in the GBP price of gold would require both gold price to increase from historic highs(1) and GBP to weaken from historic lows(2). That seems to me like betting on [your choice of team from bottom half of the table] to win the double.
so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
i'd be prepared to bet that Bitcoin is higher priced, in pounds, a year from now than it is today?
[my primary reason to state "in pounds" is to avoid confusion re someone saying 'xyz is usually priced in dollars']
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Re: negative interest rates

Post by blythburgh » Fri May 29, 2020 10:53 am

Bit coin I would say should be treated like gambling. Money you can afford to throw away but with the chance of making money. Not for the "widows and orphans" money.
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Re: negative interest rates

Post by planteria » Sat May 30, 2020 10:24 am

maybe not.. but it's been a good performer over the past ten years, and is set to continue to be so.
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