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About jamonit

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    HPC Newbie
  1. Forgive me but I always find thinking in terms of relative currency values confusing. I held some gold, via bullionvault, which I bought in sterling, but sold into Euros. As a result of this, I've made money in cash because of the susequent fall in the value of pound relative to the euro. I'm thinking of buying back into gold, but bullionvault also allows you to buy in in dollars, euros or sterling.. I have a hunch that sterling is going to drop against the dollar in the short term. So, should I buy gold in sterling, or Euros or dollars? As gold is priced in dollars, does it make any difference? And if the dollar rises, does that imply that gold will fall? Thanks. I'm learning, just a bit slowly. D
  2. Is there a way of buying silver as one can buy gold at bullionvault?
  3. 'Scuse my ignorance but can anyone tell me if, when I buy Gilts, I'm obliged to hold them for the duration of the term..ie until maturity...or can I realise their value at any time and, if so, am I penalised for this? Many thanks d
  4. Given that deflation is a real possibility, can someone please explain why gold should be a buy in a deflationary economy? Thanks.
  5. Could you elaborate on that HSBC thing please?
  6. Tks all. Interesting responses. Seems to seperate the planners and strategists from the spontaneous types! Clearly running costs are an issue. I know people with narrowboats for whom running costs, moorings excluded, are no more than those associated with running a house. But running a big barge may be different. It's possible to get Dutch Sailing barges, thereby sidestepping some of the costs associated with diesel [they also have engines though]. But these aren't much use on small rivers. I think the way to do this is ideally to buy a mooring - there's one available near evesham [on www.apolloduck.co.uk] for 25k, but it's only 44 fot, too small for a good barge..but if one could be founf for say, 35k, it could always be sold again so not like losing the rent on a mooring...and then buy a boat that's as new as possible, or was refurbised very recently to minimise repairs and maintenance bills. Another advantage of a Dutch Barge is that they can come with three double bedrooms...so it's possible to take people for cruises and make some cash. ALthough I daresay the insurance costs would take up some of that. Kiwi, I empathise with what you're saying, but I'm divorced and coldn't vanish for a long time as I have children to consider. I'm mostly looking for a new way of life that allows some distance, because the children could come and stay during their school holidays, but I couldn't ractically be moving around all the time. But why think in ters of waiting for the bottom of the housing market? People live their whole lives on boats. Stuff bloody houses and the obligation they place on you to stay in one place.
  7. Interesting. I'd expect some decline as boats were increasingly seen as an alternative by FTBs, but presumably these are now just sitting on the sidelines waiting to catch a falling house. The boats I'm inerested in are the big classic Dutch Barges and mooring would have to be in the Medway, or the Thames. Moorings in central London would indeed be eye watering, like everything else there. But I don;t want to live in London anyway. Or, there's my favoured option long term, just cruise the rivers of France. But I don't want to spend 130k on a boat only to find it's worth 100k in a couple of years time - one of the attractions of boat owning is supposed to be that depreciation is very slow and in fact can be negative if the boat is well maintained.
  8. I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?
  9. [given that gold is seen as a safe haven against inflation] Well, I know higher interest rates are supposed to reduce inflation in the longer term by constraining expenditure so forcing price reductions, and raising currency values and therefore reducing the cost of imports, but in the short term, especially with commodity prices that rise regardless, higher interest rates would presumably increase the pressure on manufacturers to pass costs onto consumers, raising inflation in the short term. Higher interest rates would also surely result in improved returns from savings accounts, and so reduce incentives by people holding savings to seek better investments, like gold. I realise that I'm probably completely **** about tit on all of this...but whilst I find economics fascinating, I have no training in it, in case you hadn't guessed...so be gentle with me!
  10. I have another question which I'd very much appreciate a response to... If raising interest rates results in the rise in the value of the national currency providing a disincentive to invest in gold...and yet raising interest rates pushes up inflation which acts as an incentive to invest in gold, is a rise in interest rates a good thing for an investor in gold or not? Cheers.
  11. Sympathies Jamus, I'm in a similar boat, being just about to buy some gold through bullionvault but hesitating because I'm not completely sure of what I'm doing. There are three things that make me confused and on which I'd appreciate opinions and advice. Firstly, as I understand it, if US interest rates rise, so will the dollar and so gold will go down. WHat would make the US raise rates though? Surely this would be madness. Secondly, why has Gold not risen as far as other commodities? Or the flip side...it's already gone up fourfold, would I not be buying into a peak? If it's such a great bet, why isn't everyone buying it, especially given that stocks are such a risky place to be. Thirdly, bullionvault offer the opportunity to buy in dollars, pounds or euros. And I'm not sure how to choose. I'm favouring euros at present because, with Trichets attitude to IRs, the Euro preumably stands a better chance of being of higher value than the other two, at least in the medium term, unless of course if US IRs go up. Heck, it's a minefield for a newbie. Perhaps I'm thinking too much. But views would be welcome. And Jamus, www.bullionvault.com does seem to be an easy way to buy actual gold, rather than ETFs if you want to.
  12. Thanks. I'm in the process of opening a selftrade account.
  13. Tks, Carseller but where do I find that and how do I invest in it? Does LSE:GBS that CraigI mentioned follow it?
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