Sites That Show Foreign Stock Prices In GB Pounds?

cloud_dog

mr_fishbulb wrote: »

Cheers for the explination. A lot clearer now

The thing I'm a bit more worried about with CEF now is what purch pointed out where a lot of the £ value depends on the Canadian and US dollar.

I understand the concept of the different exchange rates BUT..... PMs (specifically gold / silver) are priced in USD, so even if your investment is quoted in C$, Euro, GBP it will still undergo a daily conversion from USD to the quoted currency (GBP, C$, Euro, etc) so not sure where the gain is.

Having said that 'people' thought that the C$ would fair better going forward because soooo much of the country's revenue is derived from resource based investments which will help the C$ stay stronger.

mr_fishbulb wrote: »

Just found a discussion through google saying Pt and Pd might fall during an economic slowdown, but that all depends if there will be a global slowdown, or just US/UK.

Primarilly, although not exclusively an awful lot of platinum is used in the car exhaust business and during slowdowns (or worse) sales of new cars tend to fall quite heavilly, hense a drop in demand for those two specific metals.

The same logic applies to a number of metals but specifically copper as it is used in homes and electrical equipment. The big unknown is going to be how much (resource) capacity China, India, and the Far East continue to use even if the US goes in to recession. They will be hit but the size is difficult to determine atm.

cloud_dog

mr_fishbulb

cloud_dog wrote: »

I understand the concept of the different exchange rates BUT..... PMs (specifically gold / silver) are priced in USD, so even if your investment is quoted in C$, Euro, GBP it will still undergo a daily conversion from USD to the quoted currency (GBP, C$, Euro, etc) so not sure where the gain is.

Thanks again. So if I understand this correctly, it shouldn't make a difference if I buy CEF and the canadian dollar corrects back to 2.3 to the £?

:eek: - Just checked gold and it's around $930!

cloud_dog

mr_fishbulb wrote: »

Thanks again. So if I understand this correctly, it shouldn't make a difference if I buy CEF and the canadian dollar corrects back to 2.3 to the £?

:eek: - Just checked gold and it's around $930!

I think the relevance is always going to be in relation to the USD.

For example, if gold goes up to USD1000 and that equestes roughly to £500 (2:1), then the price of Gold goes up to USD1500 but the value of the USD crumples in comparison to the GBP (say 3:1 just for ease of calculations) that USD1500 is only worth £500, so despite a significant price rise your net gain is zero.

In reality such a huge change is not going to happen and the GBP is in similarly difficult position to the USD. The primary difference is that the US / Fed seem happy to devalue the USD (decreases the value of their debt, makes exports cheaper and imports more expensive) which in turn will lead to inflation, specifically asset inflation (gold, etc - or any commodity really).

The question is going to be which currency is going to be better for increasing the value of your gold in relation to you currency (GBP)

mr_fishbulb

cloud_dog wrote: »

I think the relevance is always going to be in relation to the USD.

For example, if gold goes up to USD1000 and that equestes roughly to £500 (2:1), then the price of Gold goes up to USD1500 but the value of the USD crumples in comparison to the GBP (say 3:1 just for ease of calculations) that USD1500 is only worth £500, so despite a significant price rise your net gain is zero.

In reality such a huge change is not going to happen and the GBP is in similarly difficult position to the USD. The primary difference is that the US / Fed seem happy to devalue the USD (decreases the value of their debt, makes exports cheaper and imports more expensive) which in turn will lead to inflation, specifically asset inflation (gold, etc - or any commodity really).

The question is going to be which currency is going to be better for increasing the value of your gold in relation to you currency (GBP)

Many thanks again. Now I'm 90% certain I want to get into the Central Fund of Canada as opposed to PHPP.

Unless I read otherwise and panic

purch

I think the relevance is always going to be in relation to the USD

.....unless of course you buy CEF on the Toronto SX and then you will introduce CAD into the equation.

Buying CEF on Amex will just give you the unavoidable GBP/USD risk


P.S. I bought stock in Central Fund on the TSX, but that's cos I like a little extra to think about

cloud_dog

purch wrote: »

.....unless of course you buy CEF on the Toronto SX and then you will introduce CAD into the equation.

Buying CEF on Amex will just give you the unavoidable GBP/USD risk

This is where I go back to my ...... 'sort of, but......'.

Surely all you have done is introduced the C$ in to the equation. Gold, like oil, is priced in USD, therefore the reflected price in C$ for CEF is based on that exchange rate BUT, the value to you is then based on the additional exchange rate between the C$ and GBP.

Is it better to go weak USD -> strong C$ -> weak GBP???? Who knows

cloud_dog

mr_fishblub

Just thought I'd comment that the CEF NAV premium is now at 11.2% (USD) and is in the range where I am considering selling (for a short period of time).

It might be that now is the time for you to monitor the NAV / premium and see if you can find an accomodating entry point.

regards cloud_dog

mr_fishbulb

cloud_dog wrote: »

mr_fishblub

Just thought I'd comment that the CEF NAV premium is now at 11.2% (USD) and is in the range where I am considering selling (for a short period of time).

It might be that now is the time for you to monitor the NAV / premium and see if you can find an accomodating entry point.

regards cloud_dog

Thanks for the info. I bought some PHAG and PHAU this morning. Been trying not to look at the prices today, but my eye keeps turning to it