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Sovereign watch

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    Sovereign watch

    £ has dropped below $1.50 for the first time in ages. Gold has also set a new record high today measured against Sterling.

    #2
    Originally posted by TimberWolf View Post
    £ has dropped below $1.50 for the first time in ages. Gold has also set a new record high today measured against Sterling.
    yip, not long now
    Knock first as I might be balancing my chakras.

    Comment


      #3
      On Tuesday last, a falcon, towering in her pride of place, was by a mousing owl hawk'd at and kill'd.

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        #4
        £1 = $1.4789

        And gold rose by almost £1000/kg today

        so far...

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          #5
          This is mainly a flight to the 'safety' of US Treasury Bonds. US Stock markets are down a lot too.

          GBP has weakened against the EUR, but it is all the way back to where it was ......... yesterday.

          For all the talk of the UK defaulting on it's debt, the chances of this happening are as close to zero as it is possible to get. But some people still believe in the Labour party so who really knows what can happen in this quantum reality; I just wish I could get back to a sensible one.
          How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

          Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
          Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

          "We hang the petty thieves and appoint the great ones to high office" - Aesop

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            #6
            Originally posted by TimberWolf View Post
            £ has dropped below $1.50 for the first time in ages. Gold has also set a new record high today measured against Sterling.
            It's good job they just struck gold in a Cornish tin mine. I can almost hear Gordon dancing around number 10 singing 'We're saved, we're saved'.

            By the way, does anyone reckon that Gordon has actually packed his stuff up at Number 10? I really don't believe he has, hoping to do a Ted Heath for several more months.
            Oh, I’m sorry….I seem to be lost. I was looking for the sane side of town. I’d ask you for directions, but I have a feeling you’ve never been there and I’d be wasting my time.

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              #7
              Originally posted by TimberWolf View Post
              Gold has also set a new record high today measured against Sterling.
              Good job we have plenty in reserve eh? Good old Prudence!! Of course that was back in the days before he saved the world.
              “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

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                #8
                Gold at £26,200/kg, Sterling down 1.91% against the Dollar and almost 6% against Yen today, so far. And even managed a little drop against the Euro.

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                  #9
                  GBP 2.4% down against the Dollar today now and gold keeps charging upity up.

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                    #10
                    Sterling 0.68% down against USD, 1.5% against Euro. Not too bad... so far.

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