negative interest rates

Money, investing, mutuals etc
pabenny
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Re: negative interest rates

Post by pabenny » 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.
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planteria
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Re: negative interest rates

Post by planteria » Sat May 30 2020 6:09pm

ok deal. if that's the stake you favour...

and bitcoin? £7157 on 27th.. double or quits on the same date?
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Richard Frost
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Re: negative interest rates

Post by Richard Frost » Sat May 30 2020 6:20pm

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.
How would you propose to settle the debt. Shares are not transferable and have no value. so not even possible to pay an equivalent in cash.
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pabenny
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Re: negative interest rates

Post by pabenny » Sun May 31 2020 8:47am

planteria wrote:
Sat May 30 2020 6:09pm
ok deal. if that's the stake you favour...

and bitcoin? £7157 on 27th.. double or quits on the same date?
No thanks. There is no rational basis for the price of Bitcoin.
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AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Sun May 31 2020 9:10am

pabenny wrote:
Sun May 31 2020 8:47am
planteria wrote:
Sat May 30 2020 6:09pm
ok deal. if that's the stake you favour...

and bitcoin? £7157 on 27th.. double or quits on the same date?
No thanks. There is no rational basis for the price of Bitcoin.
All that is not rational is not without value.
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planteria
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Re: negative interest rates

Post by planteria » Sun May 31 2020 12:03pm

good question Richard Frost..
and there is pabenny, although accepted it takes some understanding.
do you want to come up with a value in pounds, or satoshis, instead of an imutual share?
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pabenny
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Re: negative interest rates

Post by pabenny » Sun May 31 2020 2:39pm

AAAlphaThunder wrote:
Sun May 31 2020 9:10am
pabenny wrote:
Sun May 31 2020 8:47am
planteria wrote:
Sat May 30 2020 6:09pm
ok deal. if that's the stake you favour...

and bitcoin? £7157 on 27th.. double or quits on the same date?
No thanks. There is no rational basis for the price of Bitcoin.
All that is not rational is not without value.
Agree. But the lack of a rational basis for the price of Bitcoin makes it near-impossible to form a view of the future price, especially over a fixed time horizon.

As for the mechanics of settling the wager, I'll worry about that when it comes to collecting my winnings.
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AAAlphaThunder
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Re: negative interest rates

Post by AAAlphaThunder » Sun May 31 2020 6:49pm

pabenny wrote:
Sun May 31 2020 2:39pm
AAAlphaThunder wrote:
Sun May 31 2020 9:10am
pabenny wrote:
Sun May 31 2020 8:47am


No thanks. There is no rational basis for the price of Bitcoin.
All that is not rational is not without value.
Agree. But the lack of a rational basis for the price of Bitcoin makes it near-impossible to form a view of the future price, especially over a fixed time horizon.

As for the mechanics of settling the wager, I'll worry about that when it comes to collecting my winnings.
Nothing like being confident.
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planteria
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Re: negative interest rates

Post by planteria » Mon Jun 01 2020 9:19am

when you win your 1 (or 2) bets pab, i will be able to say 'you knew all along that i couldn't pay you your winnings'.. so perhaps it's in your best interests to propose an alternative. 1Bitcoin?1Kilo?1Pound?/bet
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kevinchess1
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Re: negative interest rates

Post by kevinchess1 » Wed Jun 03 2020 1:41pm

Another question will be What happens to Premium bond prizes with a negative rate?
Will we be sending them money?
Politically incorrect since 69

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