MaserCoupe
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PMSL!! Me heards both sides of the story, me still don’t understand, but me still up for a ruck!Here we go
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PMSL!! Me heards both sides of the story, me still don’t understand, but me still up for a ruck!Here we go
I like the toast cut diagonaly
Buttered before it’s cold
Its not technically meaningless at all. That's the whole point.
Gold acts as a currency hedge- hence it is often purchased as a safe haven when currencies are expected to fall.......now at all time highs in 72 countries around the world.
In your example If you're a Uk investor and apple shares in dollars have gone up 10% but the exchange rate to sterling has moved 15% against you then you're down.
Whats the point of being up in $ but down in £ upon conversion if that is your base currency?
The GBP figures speak for themselves and those are the GBP returns......which is the only thing that matters.
Exactly my point, hence your original comment is factually incomplete, and hence partially true/wrong.
So is your comment “all time high in 72 countries in the world”... is that when translated in those countries’ local currencies? As gold is nowhere it historical high is USD term (the only official reference currency for gold)
I guarantee that if you buy gold today, even if it doesn’t move at all in usd term (again, the reference currency for gold) you will still get a nasty haircut if the GBP recovers from its historical low...
if you really want to hedge your FX exposure, do it with the right tools. But what do I know, I have only been trading FX for 15years ;-)
Where was that stated Phil ?May to resign at 10pm tonight.
She is to make a statement at 10pm...Where was that stated Phil ?
May to resign at 10pm tonight.
Hmmmm. Which news department do you subscribe?May to resign at 10pm tonight.
Ps you can get a nasty haircut in any asset, stock, commodity, bond, if the price moves against you!