Panas
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Posts posted by Panas
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Dual Post.
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Thanks for that Carlton and RH.
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I know this is slightly off topic but I'd like to ask a question about a gold backed currency. If say the Euro was backed by Gold and also the Pound.....I suppose the Pound wouldn't have been able to devalue against other currencies so easily? So, when a country is experiencing economic problems, they cannot devalue when they have a gold backed currency to increase exports and even encourage companies to set up in their particular area? I'd be grateful is somebody could answer this for me.
I suppose then that a gold backed currency isn't that ideal then in certain situations. Anybody?
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I know this is slightly off topic but I'd like to ask a question about a gold backed currency. If say the Euro was backed by Gold and also the Pound.....I suppose the Pound wouldn't have been able to devalue against other currencies so easily? So, when a country is experiencing economic problems, they cannot devalue when they have a gold backed currency to increase exports and even encourage companies to set up in their particular area? I'd be grateful is somebody could answer this for me.
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I always thought it ridiculous that Cornwall/West Wales etc could have houses prices the same as London. There were always valid reasons for the peripheral regions being cheaper.
Her are the Land Registry survey results for Wales.
http://www.bbc.co.uk/news/uk-wales-13282978
Nowhere in West Wales do the prices seem as high as London. However, prices is West Wales have not collapsed. In fact, Ceredigion, Pembrokeshire and Gwynedd saw prices increase in March. The collapse which has occurred are in ex-heavy industry areas which one could say are possibly similar to Detroit in that their reason for being in existence is no longer there.
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Here's a must read book for anyone who wants to make consistent gains in the markets.
Don't let the cover fool you.
It's reviews aren't unanimously positive. Why do you believe this book is so good?
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Mind you.....looking at the list in the link below....it isn't quite the good old days.....
http://www.northernrock.co.uk/mortgages/cu...es/residential/
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All the stops are being pulled out....
http://www.guardian.co.uk/business/dan-rob...-housing-market
The break-up of Northern Rock: Why should taxpayers be paying to inflate the housing market?Surely mortgage lending is the one area where a credit squeeze might even do some good and make houses more affordable?Comments (28)
Buzz up!
Digg it
The government is proposing to invest yet more into a famously over-extended bank. Photograph: Martin Argles/The Guardian
Whatever all those bankers are putting in the tea over at HM Treasury, it must be pretty strong stuff. How else can you explain the bizarre decision today to spend £8bn of taxpayers money on re-inflating the housing market? I thought I was having a hallucination myself when I first saw the announcement this morning, but no, this is exactly what it seems: the government is proposing to invest yet more of our money in the infamously over-extended Northern Rock to allow it to lend guess what? - yes, more mortgages.
Chief executive Gary Hoffman was very clear when I asked him about it too: the aim is to support the housing market, which he says is weaker than it looks, and make the bank more valuable when time comes to sell it. Say it quickly enough, and it almost sounds reasonable.
The idea of using the Rock as a way to compensate for the loss of wholesale mortgage finance elsewhere in the market has been swirling around for a while. It is, after all, the only big bank where the government has full ownership and seems willing to exercise a semblance of control. But whereas it might have made sense for the state to act as lender of last resort when house prices were in freefall, it is hard to see the logic when even the official figures are showing a rising market.
Hoffman is right to point out that prices can be misleading because fewer transactions are taking place than during the boom, but are more house sales really what the economy needs most right now? Surely mortgage lending is the one area where a credit squeeze might even do some good and make houses more affordable. And why Northern Rock? What about the small businesses making people redundant because they can't get access to lending from the other banks we are meant to control? More to the point, what about all the other worthy causes crying out for money at a time of a looming public spending squeeze.
And yet banks seem to have a special lock on Downing Street. Lloyds is asking the government for another £5bn too, yet not necessarily to grow its business lending, but to escape more government control. Instead the argument we hear constantly is that what is good for the banks is good for us because they will be worth more when it comes time to sell them. With new bankers joining government every day, this drip feed of poisonous ideas must be pretty seductive. But a simple question remains: if throwing more and more money at the mortgage market was such a winning idea for investors, how come Northern Rock went bust?
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Bit of an anecgloatal and relating to Bulgaria's HPC but I'm in Bansko skiing this week;
I shared a chair lift yesterday with an Irish woman who bought a place last year some 3 miles away. After a bit of a chat, it became apparent that this was her first time in the place. Good grief! I mean, you wouldn't buy a car without seeing it, what on earth would possess someone to buy a property sight unseen? Needless to say, it's been smashed in value and the promised rental income has vapourised too. The only small mercy is that her sexual preferences reduce the risk of her contributing to the global gene pool.
During the chair lift she not only told you of her investment and fact which brought you to the conclusion that it was her first time there but also of her sexual preferences? Maybe she just spurned your sexual advances? How long are these chair lift journeys anyway? LOL!
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What are the significance of 'Gaps' as seen on the Oil/Gold Charts and pointed out be DrB?
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Could somebody who is a chartist here tell me if that's a Head and Shoulders on the Dollar daily chart?
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
Hi,
Could you guys tell me the best way to purchase Gold in the UK? I'm thinking of regularly buying it in grammes. Is this a cost effectivve way of buying it? Thanks.