It seems we (Brits) just can't catch a break

[bluemoon]

Gold and silver have been dropping for weeks, but the GBP just follows suit. It seems always the way. So while the good Yanks are get a tremendous buying opportunity, our typical British luck means there is nout to do but just sit on our hands.

[Finbinfin]

Conversely it's protecting you against sterling devaluation! 

[Tn21]

Buy right & sit tight 

[RacerCool]

Send me your money and I'll be happy to buy your silver and gold, then send you a fancy looking piece of paper which says that I have your holdings stored safely and securely. But for sure, you own it! Trust me.

And I'll be sure not to sell that same gold and silver to someone else, sending them a similar fancy looking piece of paper. Trust me.

[JunkBond]

PMs are a buy and forget for 20 years deal.

[Guest]

It's not bad luck . The £ is heading to irrelevance.

[KDave]

Rates should be higher and the pound stronger, but the UK would go the way of venuzeula, so we have a weak pound.  

I see that Canada have rates of 1.5% now that's where UK rates should be. The governor there tells people they should buy a smaller house. 

[JunkBond]

3 minutes ago, KDave said:

The governor there tells people they should buy a smaller house. 

Are they listening.

[kimchi]

4 minutes ago, KDave said:

The governor there tells people they should buy a smaller house. 

I've been looking at houses round here and the only thing you can get smaller for £300k is a shed

[JunkBond]

1 minute ago, kimchi said:

I've been looking at houses round here and the only thing you can get smaller for £300k is a shed

Tell me about it, I am currently downsizing to a semi detached chalet bungalow... £450k

[Roy]

Well, you boys will have to live in exotic Essex ?

Get yourselves up t'north and buy yourself some land with fishing rights ?

[KDave]

I think the governor will soon realise that higher rates means cheaper houses 

[Pipers]

£200 for an ex mid council house near me in the NW.  Anyway its good to see sterling linked to the Gold price while we are going through Brexit.    

[Pipers]

I think traders are doubtful of a rate rise in August.  IMO rates should rise. 

[StackerNoob]

15 hours ago, bluemoon said:

Gold and silver have been dropping for weeks, but the GBP just follows suit. It seems always the way. So while the good Yanks are get a tremendous buying opportunity, our typical British luck means there is nout to do but just sit on our hands.

The fall in gold, silver and GBP are all linked to one thing - the rising strength of the USD. Its all relative. The prices for us arent really moving, if you are in the US though this is a windfall.

 

It seems to me that the increasing dollar strength is directly related to Yuan weakness, which is being driven by BOC policy, which itself is probably a deliberate ploy to maintain the trade imbalance with the US.

 

 

[matrawr]

Ideally what us Brits need is a strong dollar but an even stronger gbp so if they kept raising rates as planned and we get this brexit mess out the way hopefully a big buy opp will present itself to us.

[KDave]

Carney would hate to raise rates here. It would hurt his bubble markets in housing and stocks, the former is struggling in certain parts now despite his post Brexit devaluation. 

If anything March next year will be used as the excuse to drop rates further.