We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
With fears over a double dip recession and defaults on national debts...
Comments
-
MacMickster wrote: »Gold is currently selling at its highest price in history. It may still continue to rise, or this may be close to the top of the market, and the top ofthe market is the worst time to buy.
just to post an alternative viewpoint , can a top be called when the asset in question hasnt really risen at all , more a case of the currency being used to make said purchase has lost 30%-50% approx. ?
please compare the value of dollars / sterling against say for example swiss francs / danish kroner or singapore dollars etc. it will soon be obvious i hope as to what has happened.
now with the good old US of A possibly about to start up the printing press once again , do you feel lucky punk ?0 -
[QUOTE=greenbubble;45301242
please compare the value of dollars / sterling against say for example swiss francs / danish kroner or singapore dollars etc. it will soon be obvious i hope as to what has happened.
[/QUOTE]
Seen it with my very own eyes.
4 years ago OZ $ was 2.26 to a £
Today closed at 1.51.
Just over a 33% depreciation. :eek:
No more holidays down under to watch the cricket.........0 -
whatyadoinsucka wrote: »to be honest we should all be stock piling food, 'gold' quote me if I'm wrong cannot be eaten or drunk to quench thirst
http://mybt.budgettravel.com/_Japanese-Noodle-Soup-with-Gold-Leaf/photo/10405345/21864.htmlLiving for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
0 -
Thrugelmir wrote: »Seen it with my very own eyes.
4 years ago OZ $ was 2.26 to a £
Today closed at 1.51.
Just over a 33% depreciation. :eek:
No more holidays down under to watch the cricket.........
I remember the chants in 2003 of "We get three dollars for a pound". How times change. I picked up an Aquascutum suit for $150 on this visit. Full price in 2003 it would have cost $1500.0 -
Thrugelmir wrote: »Seen it with my very own eyes.
4 years ago OZ $ was 2.26 to a £
Today closed at 1.51.
Just over a 33% depreciation. :eek:
No more holidays down under to watch the cricket.........
just imagine if you were an ex-pat who emigrated to to Aus around 2007 and were now looking to return to the UK (bare with me , i know , i know , why on earth would you wish to return to this over populated *Expletive deleted*) , you could have Benifited from GB HPI + Aus HPI + currency devaluation , place this stash somewhere safe until we bottom out and you would be set for life
. 0 -
I wonder how Hamish's stash of garlic is doing ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
-
greenbubble wrote: »just imagine if you were an ex-pat who emigrated to to Aus around 2007 and were now looking to return to the UK (bare with me , i know , i know , why on earth would you wish to return to this over populated *Expletive deleted*) , you could have Benifited from GB HPI + Aus HPI + currency devaluation , place this stash somewhere safe until we bottom out and you would be set for life.
Have a friend who has lived in Freshwater (Sydney) for over 30 years. Two years she remortgaged her Oz apartment to buy a property in Totness. As one day she intends returning to the UK permanently.
However she's now in the position of having lost money on the UK property, is suffering from paying Oz interest mortgage rates of nearly 7% , while suffering a poor exchange rate to return funds to Oz.0 -
and the traffic in Totnes is pretty terrible too...I think....0
-
Thrugelmir wrote: »Have a friend who has lived in Freshwater (Sydney) for over 30 years. Two years she remortgaged her Oz apartment to buy a property in Totness. As one day she intends returning to the UK permanently.
However she's now in the position of having lost money on the UK property, is suffering from paying Oz interest mortgage rates of nearly 7% , while suffering a poor exchange rate to return funds to Oz.
ouch
(sorry for the short response and i hope your friend manages to navigate these turbulent times)0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards