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#1
12-04-2006, 12:32 PM
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£ vs $
I live in the UK, and obviously have my bankroll in $. The $ just seems to be dropping and dropping against the £. I will be withdrawing a large amount of money from my bankroll within the next few months, but I was wondering if it is better to withdraw now to guard against further slide by the $, or wait and see if it recovers from its current low. Does anyone have any advice on the best course of action?
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#2
12-04-2006, 04:48 PM
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Re: £ vs $
this has been discussed in depth on other threads, i cant be bothered to search tbh. basically its likely to hit 2:1, but from then on who knows.
what im wondering is how the [censored] did people not make a [censored] load from this via futures (from my limited knowledge im guessing its x-rate futures), given over summer people were always talking about how it would head to 2:1. but then i guess i lot of people probably have.
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#5
12-04-2006, 07:34 PM
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Re: £ vs $
[ QUOTE ]
gone broke, what can we do to make money out of this decline? [/ QUOTE ] short the dollar. go long on the euro? This is what Id do if i knew the dollar was goign to keep dropping, but I have no idea.
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#6
12-05-2006, 12:46 AM
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Re: £ vs $
[ QUOTE ]
gone broke, what can we do to make money out of this decline? [/ QUOTE ] <-----
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#7
12-05-2006, 01:11 AM
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Re: £ vs $
[ QUOTE ]
gone broke, what can we do to make money out of this decline? [/ QUOTE ] I advocate buying precious metals, i.e. gold and silver related assets. That includes bullion and shares. I don't invest in the majors, only the junior exploration stocks. They are more risky, but offer the most potential. Actually, I wouldn't call buying shares of a junior exploration stock investing, I would call it gambling. My favorite silver junior exploration stock is Great Panther (GPR.TO/GPRLF.PK). These stocks are extremely volatile, so play at your own risk.
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