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Question for you:
If you had £100K what currency would you hold it in.
1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???
At the moment.
1) The Euro carries too much risk until they decide what to do with Greece, Portegal and the others.
2) gold is on a high. It may go higher but probably needs to consolidate first.
3) The Chf is the currency of panic. With people panicing at the moment you can't win.
Personally I would stay in Sterling provided you plan to stay in the UK. Its not the best option but the downside of the other options look worse.
Swiss Francs or Gold. And yes Gold is a currency, not a commodity.
HTH BIDI
Swedish Kroner.
...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
1) The Euro carries too much risk until they decide what to do with Greece, Portegal and the others.
2) gold is on a high. It may go higher but probably needs to consolidate first.
3) The Chf is the currency of panic. With people panicing at the moment you can't win.
Personally I would stay in Sterling provided you plan to stay in the UK. Its not the best option but the downside of the other options look worse.
1) The euro would probably increase in value if Greece defaults. What happens to your basket when you remove the rotten eggs?
The UK does not yet have an economic base from which to recover, whereas the majority of euro countries do.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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