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Gold Dropping Fast

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Back up to $1343 at the moment but with the £ looking like it is only going to go one way I am wondering whether I should buy more hmmmm



UK pound heading towards dollar and euro parity

Foreign exchange dealers have decided to slaughter the UK pound. This morning’s press attacks appear the start of a sustained campaign to drive sterling much lower and profit from the process. And who can blame the forex guys for backing a one-way bet, and probably one the British Government secretly endorses.

For in this world of competitive currency devaluations who wants to be left with the embarrassing hot potato of an overvalued currency. Better to have one that is cheap and cheerful and good for exports. That is the theory but this hand can be overplayed.

Double dip recession

The problem is that the new UK government’s enthusiasm for public spending cuts and the resulting 490,000 more unemployed are almost a slam dunk for a double dip recession. And there is no secret that the Bank of England will print money in these circumstances just like the Fed.

Edited by Crashman Begins

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  • 224 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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