Beating the exchange rate - is it possible?
 

Leading on from the exchange "rate plummeting thread".

Instead of exchanging £ for Can$ is it possible to buy an intermediate commodity such as gold or buy shares in a company listed on the LSE and TSX. Anyone any good ideas?

Re: Beating the exchange rate - is it possible?
 

Snake oil, blue chip cert. Bloke down the pub told me so. ;)

Rich

(Can't help but be stupid sod tonight after drinkies and quick look back at x rate).

Re: Beating the exchange rate - is it possible?
 

snake oil eh, tell me more

Re: Beating the exchange rate - is it possible?
 

Simple answer to 'beating the exchange rate - is it possible?' is no. Sorry to be so blunt, but if it were possible to somehow buy an intermediate product and then somehow change to CAD$ you would have an arbitrage situation or free money.

I know the exchange rate is appalling at the moment and is pretty much at its lowest level for five years, but the only thing you can do is just try and minimize your losses. I'm not a finance whizz by any means, but I did suggest a few ways of doing this in the other thread on exchange rates.

On a separate note, I would like to purchase three bottles of your finest snake oil. Pray tell, how should one apply it?

Re: Beating the exchange rate - is it possible?
 

Snake oil:

Apply liberally to the genitals then rub. Works wonders ;) :eek:

http://en.wikipedia.org/wiki/Snake_oil

Rich.

Re: Beating the exchange rate - is it possible?
 

Ah yes, though I know it as Beaver Oil... me being Canadian and all. ;)

Re: Beating the exchange rate - is it possible?
 

"Snake oil is a Traditional Chinese medicine used for joint pain. However, the most common usage of the words is as derogatory term for medicines to imply that they are fake, fraudulent, and usually ineffective. The expression is also applied metaphorically to any product with exaggerated marketing but questionable or unverifiable quality....."

ROFL ....I LIKE it!!!...put me down for a coupla crates :D

Re: Beating the exchange rate - is it possible?
 

That must mean most mass-market high street / mall crap then ;)
Rich.