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Re: negative interest rates
Posted: Mon Mar 01 2021 9:24am
by pabenny
pabenny wrote: ↑Sat May 30 2020 10:53am
planteria wrote: ↑Fri May 29 2020 8:59am
so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
You're on.
The price quoted on gold.co.uk is around GBP1400. I bet you one imutual share that it's less than that on 1 June 2021.
Update with three months remaining: This morning, gold is quoted by gold.co.uk at GBP1,255.
That fall is almost entirely due to the strengthening of GBP against USD. The USD price is almost exactly the same today as it was on 1 June - although it has been considerably higher over the last nine months.
Re: negative interest rates
Posted: Mon Mar 01 2021 5:58pm
by planteria
ah so you're winning so far. £150/oz in a whole quarter is doable though.
and you were wise to swerve my XBT 'double or quits'.. x5 from that point.
Re: negative interest rates
Posted: Fri Mar 26 2021 1:06pm
by Sarah
Sadly cut to 0.65% from 17 March; the headline rate didn't last the whole introductory year!
It's nevertheless still a leading rate for an easy saver account.
Re: negative interest rates
Posted: Sat May 01 2021 11:13am
by pabenny
pabenny wrote: ↑Sat May 30 2020 10:53am
planteria wrote: ↑Fri May 29 2020 8:59am
so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
You're on.
The price quoted on gold.co.uk is around GBP1400. I bet you one imutual share that it's less than that on 1 June 2021.
With a month to go, the price quoted on gold.co.uk today is around GBP1280.
Re: negative interest rates
Posted: Tue Jun 01 2021 6:18am
by pabenny
pabenny wrote: ↑Sat May 30 2020 10:53am
planteria wrote: ↑Fri May 29 2020 8:59am
so..
i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
You're on.
The price quoted on gold.co.uk is around GBP1400. I bet you one imutual share that it's less than that on 1 June 2021.
Here we are, 1 June 2021. Gold price quoted on gold.co.uk is GBP1343.
Re: negative interest rates
Posted: Tue Jun 01 2021 10:29am
by planteria
ah so gold is down on the year? how do i transfer an imutual share to pab?
thankfully my Newmont share is up nicely over the year so that'll just about cover it.
Re: negative interest rates
Posted: Tue Jun 01 2021 2:00pm
by pabenny
I'd take IDR 1 instead. Although that maybe an overvaluation of my share.
Re: negative interest rates
Posted: Wed Jun 02 2021 10:47am
by planteria
i don't know what you mean, sorry
Re: negative interest rates
Posted: Wed Jun 02 2021 10:50am
by Sarah
1 Indonesian Rupiah? (approx £0.000050)
Re: negative interest rates
Posted: Wed Jun 02 2021 10:55am
by planteria
oh i see.. i didn't know Pab was from the Sunda Islands