Watching that clip of John Bercow taking the piss out of Peter Bone, I'm liking him more and more all the time. 😀
51 days to go and I just blinked.
Entire portfolio is now cash.
You may regret that... If we go with no deal and the pound drops against the dollar, your cash will be worth even less. And If the pound drops the ftse will rise (because its dominated by exporters and companies that book profit in dollars).
Who knows though....
51 days to go and I just blinked.
Entire portfolio is now tinned, long life or powdered.
I fancy buying some gold. Anyone know if it’s easy to do with a Hargreaves landsowne account?
Gold ETF is pretty easy.
Watching that clip of John Bercow taking the piss out of Peter Bone, I’m liking him more and more all the time.
I think that (even ignoring his position on brexit) Bercow has been heading left during his political life. Labour and the tories should really do a swap with him and Frank Field so they can be in the parties where their political beliefs now lie.
Watching that clip of John Bercow taking the piss out of Peter Bone, I’m liking him more and more all the time.
His face actually just betrayed utter boredom with having to put up with the utterances of that stupid old cretin Bone.
There no point int trying to wind people like Bone up, because even if he can rouse enough blood flow through his sclerotic arteries to notice, he’s probably had people taking the piss out of him for being dim his whole life.
It probably explains why he’s such a **** now.
Gold ETF is pretty easy
There's no point holding gold unless you hold it in metal IMO. The whole point of holding gold is it's a hedge against your bank(s) going bust. That said I don't, we've just spread stuff around French, German and up till now UK banks. The only metal I hold is in too many bicycles.
Madame had a chat with HSBC yesterday, just finding out how many working days it takes to sell some stuff and move it through Global View. We positioned before the vote but may totally pull the plug on all things sterling. The HSBC advisor was refreshingly candid.
There no point int trying to wind people like Bone up, because even if he can rouse enough blood flow through his sclerotic arteries to notice, he’s probably had people taking the piss out of him for being dim his whole life.
When I was at Uni I shared a house with 3 other lads. Two northerners and a more intellectually challenged version of Tim-Nice-But-Dim, from somewhere in the home counties (he was studying sports science which mainly seemed to consist of wearing shorts and a rugby top all year round). We took the piss out of Tim-Nice-But-Dim relentlessly on account of him being an absolute tool. But we just gave up after a while as he was so profoundly stupid that he didn't even realise he was having the piss taken out of him. Which kind of destroys the object, really.
Peter Bone and a lot of the Brexit Tories remind me of him in the fact that despite someone having been given the most expensive education money can buy (he'd gone to one of the horrifically expensive public schools), he was truly as thick as mince.
At least even those responsible for it are now prepared to admit the reason we're in this mess! Not that it gets us anywhere....
https://twitter.com/Channel4News/status/1093212746269761536
There’s no point holding gold unless you hold it in metal IMO. The whole point of holding gold is it’s a hedge against your bank(s) going bust. That said I don’t, we’ve just spread stuff around French, German and up till now UK banks. The only metal I hold is in too many bicycles.
Wouldn't it be a good hedge against the pound falling? We have quite a bit of cash kicking around as we were about to upgrade the house until brexit / my job got a bit dodgy. Job has resolved it self now, so ideally we'd be buying in the next 12 months - no point putting the cash back into equities...
I think that (even ignoring his position on brexit) Bercow has been heading left during his political life
Think it was in Private Eye it said he was very right wing but after meeting his, rather left wing, wife he started drifting leftwards.
It was a fairly entertaining response to the muppet although would have been better if he had gone with the "he didnt say that you cretin. He just blamed idiots like you who led the charge without a plan".
Is it agood idea to hedge using a commodity in a down trend?
Well depends what you're hedging against i'd have thought....
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The other option would to invest in non-GBP denominated funds. Don't want to put it (won't be all of it, just a bit) into anything risky just in something that isn't the pound - can consumers buy US treasury bonds / whatever the euro equiv is?
Ask your bank. Most do a basket of foreign currrencies so if you are worried about the pound and don't want to invest in stocks, bonds, commodities or anything volatile other than just the currency. A conservatively managed currency fund would be the obvious option.
I could lay my hands on a few thousand. #Worth putting it in Euros? I have family in mainland europe so could merely transfer it to them which would( I think) reduce transaction costs. Worth doing or would the £ fall have to be huge to make up for transaction costs? any other way?
i am a complete financial idiot really 😉
If you can get your hands on a time machine and invest in Euros at 1.3 go ahead TJ. I'm not so sure at 1.14 or whatever it is today. You're going to lose about 2% in and 2% out on large sums.
The pound is already priced for some sort of Brexit. If it's harder than currently thought the pound will tank as people like me take it on the chin and accept a modest loss in the hope of avoiding an even bigger one. In the event of remain (Brexit still hasn't happened yet) a lot of people will revise their positons and buy pounds creating a good bounce in the short term.
Surely the smart money is in gold futures!
That should be physical gold as apparently there is more paper gold available than actual gold.
I'm assuming the £ is priced for a Brexit deal
And it would presumably go up if we got some sort of deal (at least until the full shambles of the trade talks begin)
But how much might it crash by in a no deal ?
Ta for the thoughts chaps
He says the changes to the political declaration must include:
- A “permanent and comprehensive UK-wide customs union”, including a say in future trade deals.
- Close alignment with the single market, underpinned by “shared institutions”.
- “Dynamic alignment on rights and protections”, so that UK standards do not fall behind those of the EU.
- Clear commitments on future UK participation in EU agencies and funding programmes.
- Unambiguous agreements on future security arrangements, such as use of the European arrest warrant.
Kelvin, the only way to achive that is a retraction of a50.
Is it just wordsmithing? Are they still too scared of the bullies to say what they mean?
I wonder what I've done wrong financially that means I earn about a 1/3 of what old Boris can pick up in an hour per year...
Many Gold ETFs hold physical gold and there is no bank counterparty risk as the fund will be bankruptcy remote. They are just a much cheaper way to access a logistically expensive asset class to hold. With gold futures your counterparty risk is generally the exchange, which by virtue of how they are established are very good risks.
If you want to hold foreign currency, then again ETFs provide an easy way to access an asset class without needing to set up new accounts etc. I would personally be buying Sfr as European growth numbers aren't too clever at the moment.
Kelvin, the only way to achive that is a retraction of a50.
Agreed. We won't get what he has put in that letter. We may get May's deal reframed using some of that language. She has already tried to use Ireland to scam a medium term place in a customs union… the "have a say" is just vague enough to facilitate something… we'll lose our veto though… but he's never gone as far as to say we'll keep that. All the other stuff is vague enough to appear as new lines in the political declaration, maybe.
Is it just wordsmithing? Are they still too scared of the bullies to say what they mean?
Some people still don't get it.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
War of words between Peter Griffin and Rubens Barichello.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
I don't necessarily agree tbh. I think he deems it necessary due to the referendum result, but I'm not sure he actually wants it.
I could lay my hands on a few thousand. Worth putting it in Euros?
Sell your property in Edinburgh and buy flats in Frankfurt.
CORBYN WANTS BREXIT AND WILL MAKE SURE WE HAVE IT.
BINNERS WANTS PIES AND WILL MAKE SURE WE HAVE IT TOO
EDUKATOR WANTS FROGS LEGS AND WILL MAKE SURE WE HAVE IT TOO
STW USERS WANT THEIR PRIVACY STROKED AND WILL MAKE SURE WE HAVE IT TOO
all based on the same facts....
So that technology report, was actually a pre-sales engagement by a company that makes RFID sensors. It seems like no-one asked actual border security and customs officials to be part of it.
How're you going to stop people entering the UK with this technological solution? They won't have RFID tags on, and they won't get stopped either.
We will look out for horses with no RFID from out non existent border posts
Oh and todays observation, EU client asked what our prices would be in April....
AWKWARD!
I find it absolutely baffling that anyone could believe that Corbyn has changed his mind about the EU. He wants out, always has, and yes, that includes when he "campaigned" to remain. He wants Brexit. Anyone that hasn't woken up to that fact is deluded.
Tusks comments are designed to piss of the UK and make sure we hard Brexit as opposed to stay in.
Revoking A50 is the last thing the EU wants.
Corbyn is a useless idiot, none those pledges mean anything at all. Just obfuscation.
"Corbyn lays out Labour’s terms for backing May on Brexit"
Guardian
12 dimensional chess intensifies.
The important thing Tusk said wasn't that the brexiters, had no plan. Thats not even controversial.
It was about the state of political leadership in the UK, which is why people are on here mumbling about brexit while both main parties deliver it to us anally, sans lube, without the basic courtesy of a reach around.
Someone remind me why we can't trust the Lib Dems again?
I can't put my finger on it right now, but it must have been really really really important.
Yeah that sales brochure was saying that every item shipped needed an RFID tag, how much would that cost ?
Would make a crazy amount of money for the company though.
& Obviously it does nothing to stop smuggling
This was written about a month ago...
https://www.theguardian.com/politics/2019/jan/05/brexit-corbyn-electoral-catastrophe-yougov-poll
.....however, that article quite nicely undermines the idea that Corbyn is playing this game because the party doesn't want to lose leave votes.
He is going to be destroyed in the next election if he carries on down this path.
Paywall. What's it say?
Tusks comments are designed to piss of the UK and make sure we hard Brexit as opposed to stay in.
Revoking A50 is the last thing the EU wants.
Rubbish
Rubbish
http://m.spiegel.de/international/europe/opinion-there-should-be-no-exit-from-brexit-a-1243405.html
They don't want us back.
How did we go from "They need us, they will be begging to make deals with us" to "They don't want us back" ?
Could it be that Great Britain isn't as Great as it thought it was?
You're giving an opinion piece by a journalist in a German paper more weight than Tusk and Barnier?
http://m.spiegel.de/international/europe/opinion-there-should-be-no-exit-from-brexit-a-1243405.htmlThey don’t want us back.
That's an interesting opinion post on what might happen if we did revoke. It doesn't say whether or not the EU actually want us back. Quite a difference.
Could it be that Great Britain isn’t as Great as it thought it was?
We we covered this on page 20 of this thread.
The EU are divided, some want the UK in, some want the UK out, some want to shake it all about.
The UK on the other hand wants to become a backwater holiday destination with no manufacturing base nor banking sector.
Grab your Speedos from the 70’s.
