Currency

Old Feb 20th 2013, 2:07 pm
  #91  
Lost in BE Cyberspace
 
Joined: Nov 2012
Location: bute
Posts: 9,143
scot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond repute
Default Re: Currency

Do I hear some posters longing for a return to the agreement made at Bretton Woods, with fixed exchange rates !??????
scot47 is offline  
Old Feb 20th 2013, 5:18 pm
  #92  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,282
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: Currency

Originally Posted by GoingIn2011 View Post
Blow me, I seem to have walked into some sort of sense of humour vacuum...

I will leave this thread now, as I find *that* a little weird.

IT WAS A JOKE!
In that case I apologise, but it is easy to get the wrong end of the stick when there has been a spate of 'having a go'.
Genesis is offline  
Old Feb 20th 2013, 5:35 pm
  #93  
Forum Regular
 
phyns's Avatar
 
Joined: Aug 2012
Location: Kiwi soon to return home from the UK
Posts: 112
phyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud ofphyns has much to be proud of
Default Re: Currency

IMO the exchange will recover but not for at least 5-10 years or until Europe is fully recovered but it's still a massive unknown here with so many contries near bankrupt.

I'm gutted. Sold our house in the UK but have decided to buy another in Haworth and sit it out a bit longer while my company is doing great and the kids are too young for school.

My NZ family are sheep farmers and are really suffering as are many NZ exporters. Most of my mates are in tourism and they are also crying out as it's so expensive tourist numbers (or spenders) are way down.

Sit tight all. The worlds a mess but there is only one way from the bottom.
phyns is offline  
Old Feb 20th 2013, 5:45 pm
  #94  
I like kittens.
 
downunderpom's Avatar
 
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
downunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to behold
Default Re: Currency

This is why I stopped posting on this site nearly seven years ago - you get a decent subject, try and pass on some hard won knowledge, and it gets hijacked by Posturing Primping Politically-correct Prima-donnas Pushing Personal Preferences. "WHAT did you just call me??!! "

I think it would be best if certain people grew a somewhat thicker skin. It's a public forum, and not everyone will agree with everything you say. That's life. If no-one disagreed, there would be no need for discussion. We'd just have one person giving their opinion and everyone else's opinion would be redundant, as it would be the same as the posters. BORING!

Now can we stop with all of the name calling, and stick to the subject, and if you think someone's calling you a pratt, say "It appears that you're calling me a pratt. If you are, why are you?" That gives the other person a chance to say "Oh, no, I didn't mean it like that. What I meant was...."

And SMILE when you say it!!
downunderpom is offline  
Old Feb 20th 2013, 7:07 pm
  #95  
Truth is the safest lie.
 
Charismatic's Avatar
 
Joined: Jul 2008
Location: @ the beach.
Posts: 6,737
Charismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond reputeCharismatic has a reputation beyond repute
Default Re: Currency

Well that escalated quickly!
Charismatic is online now  
Old Feb 20th 2013, 7:28 pm
  #96  
BE Enthusiast
 
Joined: Jan 2009
Location: Whangaparaoa
Posts: 458
GoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond reputeGoingIn2011 has a reputation beyond repute
Default Re: Currency

Originally Posted by Genesis View Post
In that case I apologise, but it is easy to get the wrong end of the stick when there has been a spate of 'having a go'.
I apologise too. I thought lol was a sufficient communication of it not being serious though, in my defence.
GoingIn2011 is offline  
Old Feb 20th 2013, 7:30 pm
  #97  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,282
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: Currency

Originally Posted by GoingIn2011 View Post
I apologise too. I thought lol was a sufficient communication of it not being serious though, in my defence.
Sorted, as Del' boy would say, thank you, have a great day!
Genesis is offline  
Old Feb 20th 2013, 7:39 pm
  #98  
I like kittens.
 
downunderpom's Avatar
 
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
downunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to behold
Default Re: Currency

Excellent. Now back to bullion..

The Yanks are selling tonnes of silver at the moment, which is driving down the price, so I just bought another [amount] of it.

"Why would you do that if the price is going DOWN?" I hear you cry?

Simple - the price is being artificially lowered. Ever seen a fat kid trying to hold a basketball underwater in a public pool? When it blows, it's gonna fly out of the water!

(As stated previously, this is MY opinion. Do your own research. I've done mine, and am backing MY opinion with MY money. And remember it's LONG term planning.)
downunderpom is offline  
Old Feb 20th 2013, 7:54 pm
  #99  
BE Enthusiast
 
Joined: Jul 2011
Posts: 439
LoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of lightLoCarb is a glorious beacon of light
Default Re: Currency

Ah pensions!
How the rich exploit us poor workers.

"Finance capital’s modes of exploiting labor go far beyond that of
industrial capital employing it to sell its products at a profit, and even
beyond simple usurious lending to labor (above all for housing). Most
innovative has been the appropriation of labor’s savings via pension funds
and mutual funds. In the 1950s, General Motors and other large companies
offered to contribute to funds to pay pensions in exchange for slower
growth in wages. This policy (which Peter Drucker patronizingly called
“pension-fund socialism”) turned over wage set-asides to professional
money managers to buy stocks and junk bonds to make financial gains — but
not in a manner that necessarily promotes industrial capitalism. Money
would grow through the proverbial “magic of compound interest,” making
money purely from money. The dream is to manage labor’s savings on a
commission basis, steering it to inflate stock and bond prices. And
indeed, pension-fund savings did fuel a stock market run-up from the 1960s
onward. In the process, they provided corporate raiders and other
financial managers with funds to use against labor — and against
industrial capital itself. Pension fund managers played a large role in
the junk bonding of industry in the 1980s. And finding themselves graded
on their performance every three months, fund managers back raiders who
seek to gain by downsizing and outsourcing labor. They typically find
their fortune (and even job survival) to lie in using pension savings not
in ways that increase employment, improve working conditions or invest in
productive capital formation, but in making gains purely by financial
means — corporate looting that strips assets to pay dividends and increase
short-term stock prices, or simply to pay off creditors."

Hudson, Michael "THE BUBBLE AND BEYOND"
LoCarb is offline  
Old Feb 20th 2013, 9:18 pm
  #100  
BE Enthusiast
 
Joined: Jul 2004
Posts: 906
babybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond reputebabybella has a reputation beyond repute
Default Re: Currency

Well, the dollar fell even further over night to $1.82. The only major currency to fall (by this I mean I havent checked what they use in Ethopia). Even the Aussie dollar had a slight rise.
Kaz
babybella is offline  
Old Feb 20th 2013, 11:48 pm
  #101  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,282
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: Currency

Originally Posted by downunderpom View Post
Excellent. Now back to bullion..

The Yanks are selling tonnes of silver at the moment, which is driving down the price, so I just bought another [amount] of it.

"Why would you do that if the price is going DOWN?" I hear you cry?

Simple - the price is being artificially lowered. Ever seen a fat kid trying to hold a basketball underwater in a public pool? When it blows, it's gonna fly out of the water!

(As stated previously, this is MY opinion. Do your own research. I've done mine, and am backing MY opinion with MY money. And remember it's LONG term planning.)
Do you actually hold your precious metal or does some depository keep it safe for you? I am very, very untrusting since losing $80k to one of the 'best and safest AND allegedly ULTRA conservative)' names in the finance house business. I have an old victorian safe at home but would want to keep a high value of silver in it? What is the best and cheapest way to store it? Thank you in advance.
Genesis is offline  
Old Feb 20th 2013, 11:54 pm
  #102  
I like kittens.
 
downunderpom's Avatar
 
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
downunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to behold
Default Re: Currency

Originally Posted by Genesis View Post
Do you actually hold your precious metal or does some depository keep it safe for you? I am very, very untrusting since losing $80k to one of the 'best and safest AND allegedly ULTRA conservative)' names in the finance house business. I have an old victorian safe at home but would want to keep a high value of silver in it? What is the best and cheapest way to store it? Thank you in advance.
I bought a safe off TradeMe. It sits next to my gun safe.

(Actually that one is full of ammunition / passports / special documents, etc.)

Depending on how much land you have, the 'pipe' safe is always good. You get a length of PVC pipe, glue an end on it, put your gold / silver / whatever inside, and glue the other end on it. Then you bury it somewhere you can find again, on your property. If no-one knows you have it, they ain't gonna look for it, and if your house gets burgled, then they completely miss your 'stash'.

When you want to cash in, dig up as many of your pipe safes as you want. Cut off the end, and sell your bullion.
downunderpom is offline  
Old Feb 20th 2013, 11:58 pm
  #103  
I like kittens.
 
downunderpom's Avatar
 
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
downunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to behold
Default Re: Currency

BTW, if you're afraid of forgetting where you buried it, you can always mark it: "Here lies Tibbles, a faithful friend and companion."
downunderpom is offline  
Old Feb 21st 2013, 2:35 am
  #104  
BE Forum Addict
Thread Starter
 
Genesis's Avatar
 
Joined: Sep 2006
Posts: 4,282
Genesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond reputeGenesis has a reputation beyond repute
Default Re: Currency

Originally Posted by downunderpom View Post
I bought a safe off TradeMe. It sits next to my gun safe.

(Actually that one is full of ammunition / passports / special documents, etc.)

Depending on how much land you have, the 'pipe' safe is always good. You get a length of PVC pipe, glue an end on it, put your gold / silver / whatever inside, and glue the other end on it. Then you bury it somewhere you can find again, on your property. If no-one knows you have it, they ain't gonna look for it, and if your house gets burgled, then they completely miss your 'stash'.

When you want to cash in, dig up as many of your pipe safes as you want. Cut off the end, and sell your bullion.
Thank you. When I got here gold was around $800 an ounce. We had some money that we invested in the finance company, I did think about buying gold but as I knew nothing of it and Kate would have been agin it I decided to put it somewhere safe...yeah right. The rest is history and again the tardy arrival of hindsight makes itself felt!!!! How does the silver get sent to you..by courier I assume.

120 packets of diamonds (uncut) was stolen in 11 mins the other day in Belgium on the tarmac from a plane....only about NZ $400,000,000 worth. Would not like to pay their next ins. premium!!!!
Genesis is offline  
Old Feb 21st 2013, 2:51 am
  #105  
I like kittens.
 
downunderpom's Avatar
 
Joined: Oct 2003
Location: In my own little world
Posts: 1,457
downunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to beholddownunderpom is a splendid one to behold
Default Re: Currency

Originally Posted by Genesis View Post
Thank you. When I got here gold was around $800 an ounce. We had some money that we invested in the finance company, I did think about buying gold but as I knew nothing of it and Kate would have been agin it I decided to put it somewhere safe...yeah right. The rest is history and again the tardy arrival of hindsight makes itself felt!!!! How does the silver get sent to you..by courier I assume.

120 packets of diamonds (uncut) was stolen in 11 mins the other day in Belgium on the tarmac from a plane....only about NZ $400,000,000 worth. Would not like to pay their next ins. premium!!!!
Yes, by courier. No trouble so far - it's pretty innocuous, and if anyone asks why it's heavy I just say "When you load your own ammunition you buy lead-alloy for the bullets, and melt it down when you're ready to cast." Not lying - that's true. I am just diverting....

WRT finance advisors, I had about 8K GBP spare to invest around 13 years ago. Got advice from a financial advisor who recommended this great fund which was set to explode. Mrs DUP didn't like the (as it turns out) little weasel, but I said it would be fine.... Three weeks after that, the fund did explode. All over the shop! When I tried to contact the little weasel he refused to talk to me. When I asked why he wouldn't talk to me he said that he'd been advised by his solicitor not to talk to me because I might sue him, and he didn't want to say anything which I might use against him.

Now I invest / gamble with something I can hold in my hands. I do my due diligence, and will take my lumps if I'm wrong. (Naturally, I don't think that I am wrong.) But it's my money, and this venture has Mrs DUP's seal of approval, and that means much more to me than some slimy little git who's just after his commission's opinion would be.

No - I learned my lesson the hard way. I managed to recoup about 4K GBP, so it was a 4K GBP lesson not to trust anyone who doesn't have a vested interest in MY financial future. Cheap at the price - your lesson cost considerably more!!
downunderpom is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.