Invest in GBP or not to invest in GBP ?

Discussion in 'General Chat' started by FriendlyBear, Jan 3, 2009.

  1. #1
    Forex...good ol' forex...

    Share your ideas about whats going on about GBP and the credit crunch. Will that at the end (and approximately when, if you dare to guess) bring profit and is it worth investing in Great Britain's Pound ?

    Current GBP/USD rate - 1.4546 which again dropped today.
     
    FriendlyBear, Jan 3, 2009 IP
  2. Game Producer

    Game Producer Well-Known Member

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    #2
    Uh... I've seen (well, I suppose MANY people have seen) USD fluctuate big time during the last 2 years. Last summer EUR-USD rate was around 1.3, now it's around 1.4 or something. At one point it was 1.2... so it's fluctuating.

    My wild guess is that USD will continue going up and down :)

    (No serious biz advice on this thought, and not sure if this is the best place to ask this anyway...)
     
    Game Producer, Jan 3, 2009 IP
  3. Timeeh

    Timeeh Peon

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    #3
    GBP/EUR are almost 1.. so it means either gbp drops or eur goes down =/
    get into gold. only save at these times
    pure gold, no stocks in gold
     
    Timeeh, Jan 3, 2009 IP
  4. FriendlyBear

    FriendlyBear Active Member

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    #4
    Timeeh are you serious ? I'm into making some cash here, not trying to save some ! :D No really I don't hold that big amounts of money to be worried about that.

    BTW - Gold dropped to 875.35 by 0.11 in the last 15 minutes while I am on forex watching it. Nothings really safe. Every value changes.

    Speaking about if you want to invest in comodities - Platinum is high as sky and goin up by +12.00 and is rising steadily !
     
    FriendlyBear, Jan 3, 2009 IP
  5. wrekoniz3

    wrekoniz3 Well-Known Member

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    #5
    Here's a link that you may find usefull:

    The American Precious Metals Exchange
    http://apmex.com
     
    wrekoniz3, Jan 3, 2009 IP
  6. dlm

    dlm Peon

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    #6
    If you have to ask whether it's a good idea (and therefore don't really know what you're doing) you should not be investing in forex. It's way too complicated to just go in on a whim. You have a better chance playing the lottery or betting on sports matches.
     
    dlm, Jan 3, 2009 IP
  7. wrekoniz3

    wrekoniz3 Well-Known Member

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    #7
    LOL Well spoken :D
     
    wrekoniz3, Jan 3, 2009 IP
  8. wuweichao

    wuweichao Peon

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    #8
    GBP will keep going down as I know.
     
    wuweichao, Jan 3, 2009 IP
  9. uca

    uca Well-Known Member

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    #9
    Buy antiques, good quality antiques, but that would be for a long term investment...
     
    uca, Jan 3, 2009 IP
  10. wrekoniz3

    wrekoniz3 Well-Known Member

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    #10
    I guess it's Don't invest in GBP then.
     
    wrekoniz3, Jan 3, 2009 IP