Money, investing, mutuals etc
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Sarah
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by Sarah » Thu May 28 2020 6:09am
Luke_PieStalker wrote: ↑Wed May 27 2020 11:21pm
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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BeautifulSunshine
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by BeautifulSunshine » Thu May 28 2020 6:48am
planteria wrote: ↑Wed May 27 2020 7:46pm
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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by pabenny » Thu May 28 2020 7:58am
planteria wrote: ↑Wed May 27 2020 7:46pm
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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by planteria » Thu May 28 2020 9:31am
in the short term yes i do. so, what do you say?
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planteria
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by planteria » Thu May 28 2020 9:34am
AAAlphaThunder wrote: ↑Thu May 28 2020 6:48am
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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pabenny
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by pabenny » Thu May 28 2020 11:46am
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.
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(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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by planteria » Fri May 29 2020 8:59am
pabenny wrote: ↑Thu May 28 2020 11:46am
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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blythburgh
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by blythburgh » Fri May 29 2020 10:53am
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.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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planteria
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by planteria » Sat May 30 2020 10:24am
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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