Fred James

Plus the fact that if that had some that they had bought at 1.25 they would be pretty stupid to sell it at that price when no one else is giving better than 1.16.

They are there to make money after all!

olivia

Well I can vouch that they do deliver at that price. Not used that particular company but have experience of Crown Currency who are similar and offering 1.23 today for in 31-50 days.
they do have your money for a month. Perhaps they can earn something with it. Considering the size of the company they could have many millions of other peoples money on deposit all the time. Delivery in cash by post is a bit scary for large sums.

Rotor

[QUOTE=olivia;8870244]Well I can vouch that they do deliver at that price. Not used that particular company but have experience of Crown Currency who are similar and offering 1.23 today for in 31-50 days.
they do have your money for a month. Perhaps they can earn something with it. Considering the size of the company they could have many millions of other peoples money on deposit all the time. Delivery in cash by post is a bit scary for large sums.[/QUOTE]




I doubt I could sleep wondering if I was going to get notifyed they had gone into liquidation

jackytoo

It has happened before a few years ago. For me a bird in the hand.....etc.

cricketman

They sound like a pyrimid scheme to me. I definitely wouldnt use them

olivia

Worth the risk. 1.16 today.

bobd22

Maybe not as I believe they have gone bust

Fred James

It's certainly looking that way for Crown.

http://www.telegraph.co.uk/finance/n...y-falters.html

JLFS

[QUOTE=Rotor;8870566] Haqve you got crystal balls??

Fred James

It seems that Travel Money Services is part of the Crown Currency group.

steviedeluxe

If it sounds too good to be true...it probably is too good to be true. But good call from Rotor.

steviedeluxe

Very depressing news - The chief economist of the Institute of Directors has called for another £50 billion to be pumped into the UK economy. We may well see a wheelbarrow economy within the next 2-3 years in the UK.

http://www.telegraph.co.uk/finance/e...K-economy.html

Rotor

[QUOTE=JLFS;8892492]
I wish, it would be a good party piece getting em out

When dealing with what I consider large sums( more than a couple of months salary) I`d rather pay a little more using a high st bank and sleep better.

CBANDY

The world economy is in dire srtaights and I for one will be very surprised if we can get out of it. We have many problems but the most serious are peak oil and peak population. Without oil the planet can support about 1.5 billion. There are currently about 6.5 billion people in the world today. We have reached a peak in world oil production at roughly 85 million barrels a day but demand is still on the rise. That is whats wrong with the world markets. The worlds economy relies on infinite growth which is not possible with finite rescources. We have hit the peak of the bell curve and the decent down the other side might be painfull.

cricketman

[QUOTE=CBANDY;8899341] The worlds economy relies on infinite growth which is not possible with finite rescources[QUOTE]

Yes that's the problem, the whole concept of banking is a con!

The other day, I learnt how banks come up with the money to give you a loan or mortgage. They basically type it into their computer and there it is in your account in exchange for your signature i.e. they create it from nowhere! I used to wrongly think that the bank must have the loan they gave you as part of their assets e.g. savings or bonds etc, but no, its just invented!

No wonder the banks were giving away as many loans as possible. It was quite literally money for nothing. While the working population have to slave away to pay the loans back.

For me the concept is nothing short of criminal and immoral. I'm thinking of inventing an alternative online currency now where you can trade for goods and not involve the banks or the tax system

As they say, debt is wealth these days
And debt is also slavery to the banks.