Changing doodahs in London
#1
Changing doodahs in London
Have a stack of AED from selling the car I need to change into £ in London.
Any tips on best place to do it? Somewhere near Harrods?
Any tips on best place to do it? Somewhere near Harrods?
#2
Re: Changing doodahs in London
Wait until someone you know is coming back... you'll get sweet FA if you change it there! Made that mistake once and will never do it again...
#4
Re: Changing doodahs in London
Buy some investment gold bars with it. Unless you need the £££ urgently, it's going to hold its value far better than GBP, which the UK is busy printing to pay its debts at present (called 'QE' to make it sound clever rather than desperate).
#5
Re: Changing doodahs in London
Gold is hardly the best hedge against inflation, raising interest rates is. And that's not going to happen for a couple more years at least so enjoy the equity and property rise rather than hedging with gold - bloomberg hit the nail on the head:
http://www.bloomberg.com/apps/news?p...d=aF1zfwwrcA2w
N.
#6
Re: Changing doodahs in London
A completely fear based recommendation that wasn't solicited - the fellow asked about changing money to pounds in an area of London not hedging against inflation based on QE and fears that paper money will reduce in value.
Gold is hardly the best hedge against inflation, raising interest rates is. And that's not going to happen for a couple more years at least so enjoy the equity and property rise rather than hedging with gold - bloomberg hit the nail on the head:
http://www.bloomberg.com/apps/news?p...d=aF1zfwwrcA2w
N.
Gold is hardly the best hedge against inflation, raising interest rates is. And that's not going to happen for a couple more years at least so enjoy the equity and property rise rather than hedging with gold - bloomberg hit the nail on the head:
http://www.bloomberg.com/apps/news?p...d=aF1zfwwrcA2w
N.
then again - I've never understood 'buying gold'... seems an utterly pointless thing to buy.
#7
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Changing doodahs in London
'Yes but what about jewellery demand?' No different from buying EUR because you want to pay for BMWs you are importing from Germany.
There is far too much attention paid to gold.
#8
Re: Changing doodahs in London
Back in London eh? We got entertained by a tranvestite in a micro skirt and ill fitting black wig in a coffee shop in vauxhall on Sunday. Unofficially of course. Her rendition of goldfinger was inspired. I missed that madness.
I changed my notes when friends returned for their summer holidays. An app told me the exchange rate, she swapped the dosh. I actually couldn't find anywhere close to home or work, but then I'm either in meeja hore south bank or Hitchin. Harrods is a good guess I reckon.
Welcome home. I've never forgotten your uplifting messages when I was unemployed and miserable. Hope everything is going well for you now.
I changed my notes when friends returned for their summer holidays. An app told me the exchange rate, she swapped the dosh. I actually couldn't find anywhere close to home or work, but then I'm either in meeja hore south bank or Hitchin. Harrods is a good guess I reckon.
Welcome home. I've never forgotten your uplifting messages when I was unemployed and miserable. Hope everything is going well for you now.